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| cats:procedures:closeyear [2022/06/29 16:42] – [Automatic Changes Made by CATS When Closing the Year] wiki_admin | cats:procedures:closeyear [2022/06/29 16:52] (current) – [After Closing the Year] wiki_admin |
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| ==== After Closing the Year ==== | ==== After Closing the Year ==== |
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| * Check that the isolated period has ending balances that match the current period's opening balances. | * Check that the ending balances from the end-of-year isolated period match the current area's opening balances. |
| * [[cats:manual:accountmaintenance|Move the accounting periods forward one year]], so the current period is now Period 1 of the new year. Keep in mind that in isolated areas, the periods will be what they were before the you moved them forward. | * [[cats:procedures:accounting:accountingsetup|Move the accounting periods forward one year]] in the current area. The current area's Period 1 should be the first period of the new year (e.g. January 31). Be careful not to run this procedure in the isolated area. The end-of-year isolation should not be modified. |
| * [[cats:questions:accounting:readaccountrecalc|Run an Accounting Recalculatio]]n in the current area to set the new periods and to check that no errors have appeared since you closed the year. | * [[cats:questions:accounting:readaccountrecalc|Run an Accounting Recalculatio]]n in the current area to set the new periods and to check that no errors have appeared since you closed the year. |
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