Year End Financial Task
From PCSAR
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{{Tasks iteration date|{{current or past month|09}}-01}} | {{Tasks iteration date|{{current or past month|09}}-01}} | ||
| - | * Perform an inventory of all assets and adjust accounts as appropriate | + | * Perform an inventory of all assets and adjust accounts as appropriate {{status|not|2020-02-22}} |
| - | * Visually inspect each account in Gnu Cash making sure they make overall sense. | + | * Visually inspect each account in Gnu Cash making sure they make overall sense. {{status|}} |
| - | * Run the [[FinancialStatementsTask]] for the end of the previous year. | + | * Run the [[FinancialStatementsTask]] for the end of the previous year. {{status|}} |
| - | * Make sure that the financial statements match the year end financial statements that were submitted the previous year. | + | * Make sure that the financial statements match the year end financial statements that were submitted the previous year. {{status|}} |
| - | * If they don't you may have transactions that were booked for the wrong year or you may have transactions that were entered for the previous years that were entered after the last year's financial statements were prepared. If the latter, enter transactions on the year boundary to adjust the books. | + | * If they don't you may have transactions that were booked for the wrong year or you may have transactions that were entered for the previous years that were entered after the last year's financial statements were prepared. If the latter, enter transactions on the year boundary to adjust the books. {{status|}} |
| - | * Add the [[Book Keeping Task/Depreciation|depreciation]] for the current year. | + | * Add the [[Book Keeping Task/Depreciation|depreciation]] for the current year. {{status|}} |
| - | * Adjust the [[Members:Book Keeping Task/Deferred Revenue|deferred revenue]]. | + | * Adjust the [[Members:Book Keeping Task/Deferred Revenue|deferred revenue]]. {{status|}} |
| - | * Run the [[FinancialStatementsTask]] for the end of the current year. Submit them as the year-end financial statements. | + | * Run the [[FinancialStatementsTask]] for the end of the current year. Submit them as the year-end financial statements. {{status|}} |
| - | * Have the books and statements [[Audit|audited]]. | + | * Have the books and statements [[Audit|audited]]. {{status|}} |
Revision as of 22:05, 22 February 2020
At the end of each financial year
Tasks
- Perform an inventory of all assets and adjust accounts as appropriate
(error for 2020-02-22)
- Visually inspect each account in Gnu Cash making sure they make overall sense.
- Run the FinancialStatementsTask for the end of the previous year.
- Make sure that the financial statements match the year end financial statements that were submitted the previous year.
- If they don't you may have transactions that were booked for the wrong year or you may have transactions that were entered for the previous years that were entered after the last year's financial statements were prepared. If the latter, enter transactions on the year boundary to adjust the books.
- Add the depreciation for the current year.
- Adjust the deferred revenue.
- Run the FinancialStatementsTask for the end of the current year. Submit them as the year-end financial statements.
- Have the books and statements audited.
