Accounts Payable and Cash Management

1. CM. Utilities, Maintain C/M Parameters.
2. Select the new Last month of fiscal year to match your G/L fiscal year end.
3. Closing the year will reset all year-to-date values to 0.00.
    NOTE: The system retains 1099 information on a calendar year basis, regardless of the selected fiscal year-end month.
   
   

Accounts Receivable and Order Entry

1. AR, Utilities, Maintain A/R Parameters - Posting Accounts.
2. Update the Last month of fiscal year to match the G/L fiscal year end.
3. Closing the year will reset all year-to-date values to 0.00.  

Inventory Control

1. IC, Utilities, Maintain I/C Parameters.
2. Update the Last month of fiscal year.
3. Closing the year will reset all year-to-date values to 0.00.

Payroll

• Due to Federal and State Income tax reporting requirements, payroll functions are on a calendar year basis only 

 Job Cost

• Job Cost doesn’t have a month-end close

 How to change the G/L fiscal year end