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general:checklists:endofmonthclosingchecklist:step1
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1. Prepare for end-of-month closing:
Prior to starting end-of-month closing, verify the following processes are complete:
• All entries for the month have been posted.
• All bank statements have been reconciled.
• All cash receipts have been posted.
• All POs have been posted.
• All district-written checks have been posted.
• All journal entries have been posted.
• Payroll interface is complete in both paying funds and payroll clearing fund (863X).
Verify that all fund totals are zero
Log on to file ID C.
Finance > Inquiry > General Ledger Inquiry
Run an inquiry to verify that Fund Total (YTD), Fund Total (Current), and Fund Total (Next) amounts are zero.
Note: If amounts are not zero, contact your regional ESC consultant for further assistance.
❏ Select Include Inactive Accounts. Selecting this option may prevent out-of-balance accounts.
❏ Unselect the Show Details checkbox.
❏ Leave all account code components masked (X).
❏ Click Retrieve to generate a summary for all accounts.
general/checklists/endofmonthclosingchecklist/step1.1725983894.txt.gz · Last modified: 2024/09/10 15:58 by emoreno