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.
Reconcile
- . Compare balances in Cash Management and General Ledger. Verify the ending Statement Balance equals ending G/L balance.
- . 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.