Month End

Yahoo Archive
1
I would close them as soon as your done with your reports. If you have
adjustments later you can re-open any month individually and make entries
although I'm not sure why you would. Once I have distributed statements to
the owners/bankers/lenders and anyone else, I wouldn't make any entries to
that month. If an entry has to be made I would make it in the current
month.

Matt

-----Original Message-----
From: shells_v [mailto:mevb@...]
Sent: Wednesday, May 19, 2004 10:00 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Month End

I am having a real big problem with our month end, I think...
Right now what happens is I run my reports, do all my month end
stuff, and send all my reports to the acocuntants. I *do not*,
however, CLOSE the month in the computer. I of course have certain
dates that are set up for fiscal periods, but I am thinking this is
not good enough.

Our accountants only give me adjustments for any/each period on a
quarterly basis.

I think this is screwing my books up (not physically closing my
month to prevent anything else being applied to a previous month). I
know there was some talk about this not too long ago-
Would it be better for me to close the period and reopen to make any
adjustments? What if, lets say, I have JAN/FEB/MAR/APR closed and
then the accountants decide I need to apply some adjustments to any
or all the months. Can I, for example, just open March to do
adjustments with April still closed or would I have to reopen April
too?

Thanks in advance for any help - I really need it! lol

Michelle V.
Advance Engineering Corp.
2
I am having a real big problem with our month end, I think...
Right now what happens is I run my reports, do all my month end
stuff, and send all my reports to the acocuntants. I *do not*,
however, CLOSE the month in the computer. I of course have certain
dates that are set up for fiscal periods, but I am thinking this is
not good enough.

Our accountants only give me adjustments for any/each period on a
quarterly basis.

I think this is screwing my books up (not physically closing my
month to prevent anything else being applied to a previous month). I
know there was some talk about this not too long ago-
Would it be better for me to close the period and reopen to make any
adjustments? What if, lets say, I have JAN/FEB/MAR/APR closed and
then the accountants decide I need to apply some adjustments to any
or all the months. Can I, for example, just open March to do
adjustments with April still closed or would I have to reopen April
too?

Thanks in advance for any help - I really need it! lol

Michelle V.
Advance Engineering Corp.
3
We are still on Ver 5.0----------but I just finished picking and choosing
which months I wanted to make some
adjustments for........I opened the month that needs adjustment and closed
it again when I was done with the
adjustment.

Deb Wilmoth
Controller
Reeder & Kline Machine Company, Inc.
Vantage 5.0


-----Original Message-----
From: shells_v [mailto:mevb@...]
Sent: Wednesday, May 19, 2004 10:00 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Month End


I am having a real big problem with our month end, I think...
Right now what happens is I run my reports, do all my month end
stuff, and send all my reports to the acocuntants. I *do not*,
however, CLOSE the month in the computer. I of course have certain
dates that are set up for fiscal periods, but I am thinking this is
not good enough.

Our accountants only give me adjustments for any/each period on a
quarterly basis.

I think this is screwing my books up (not physically closing my
month to prevent anything else being applied to a previous month). I
know there was some talk about this not too long ago-
Would it be better for me to close the period and reopen to make any
adjustments? What if, lets say, I have JAN/FEB/MAR/APR closed and
then the accountants decide I need to apply some adjustments to any
or all the months. Can I, for example, just open March to do
adjustments with April still closed or would I have to reopen April
too?

Thanks in advance for any help - I really need it! lol

Michelle V.
Advance Engineering Corp.



Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links
Yahoo! Groups Links






[Non-text portions of this message have been removed]