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.