At Year End 12/31

1.  Run all Sub-ledger reports at end of business on last day of year.

2.  Run a trial balance report at the end of business on the last day of the year this step provides you with a report that shows the general ledger balances at the same time that the sub-ledger reports will run.  This report can be usefull when reconciling any differences between sub-ledger balances and the general ledger control account balances for the sub-ledgers.

3.  Change the Default Accounting Year and Period after the reports have been run (please see later discussion for posting transactions to the prior year after the year-end). 

4.  Update the valid je posting range

5.  Verify that the system date is changed before any processing begins in the new year.


Immediately after Year End