Cash Management Month-End Processing
Month-end date:________________________ |
Transaction cut-off date:_______________________ |
Responsible person:_____________________ |
Date reconciled:_____________________________ |
Confirm the Processing Date is set for the month you are closing. |
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.