Year End Financial Task
From PCSAR
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==Tasks:== | ==Tasks:== | ||
| - | * Perform an inventory of all assets and adjust accounts as | + | * Perform an inventory of all assets and adjust accounts as |
| - | * Visually inspect each account in Gnu Cash making sure they make overall sense. | + | appropriate* Visually inspect each account in Gnu Cash making sure they make |
| - | * Run the [[FinancialStatementsTask]] for the end of the previous year. | + | overall sense.* Run the [[FinancialStatementsTask]] for the end of the |
| - | * Make sure that the financial statements match the year end financial statements that were submitted the previous year. | + | previous year.* Make sure that the financial statements match the year end |
| - | * 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. | + | financial statements that were submitted the previous year. |
| - | * Add the depreciation for the current year. | + | * If they don't you may have transactions that were booked for |
| - | * Run the [[FinancialStatementsTask]] for the end of the current year. Submit them as the year-end financial statements. | + | the wrong year or you may have transactions that were entered for |
| - | * Have the books and statements audited. | + | 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.* Run the [[FinancialStatementsTask]] for the end of the | ||
| + | current year. Submit them as the year-end financial | ||
| + | statements.* Have the books and statements audited. | ||
Revision as of 14:16, 17 November 2008
At the end of each financial year
Tasks:
- Perform an inventory of all assets and adjust accounts as
appropriate* 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.* Run the FinancialStatementsTask for the end of the current year. Submit them as the year-end financial statements.* Have the books and statements audited.
