Cash Management Month-End Processing

Confirm the Processing Date is set for the month you are closing.

Month-end date: __________________________

Transaction cut-off date: ____________________

Responsible person: _______________________

Date reconciled: __________________________

Confirm the Processing Date is set for the closing month.

Update

Confirm the following daily processes are completed: Accounts Payable and Accounts Receivable should be closed and reconciled prior to completing cash management.

  • Accounts Payable and Accounts Receivable – Verify all checks and cash receipts are updated.
  • Cash Management > Data Entry > Direct Checks
  • Cash Management > Data Entry > Void Direct Check
  • Cash Management > Data Entry > Wire Transfer
  • Cash Management > Data Entry > Void Wire Transfer

Reconcile

  • Cash Management > Data Entry > Bank Reconciliation. Compare balances in Cash Management and General Ledger. Verify the ending Statement Balance equals ending G/L balance.
  • Cash Management > Data Entry > Credit Card Reconciliation. Compare balances in Cash Management and General Ledger. Verify the ending Statement Balance equals ending G/L balance.

Print and Retain Reports

  • Bank Statement History Report
  • Transaction History Report

Change Processing Dates

Change the processing dates to reflect the new period using Change Processing Dates. This clears out month-to-date totals in the Vendor file.