End of Period - End of Month

An End of Month (EOM) rollover needs to be performed at the end of every month. The EOM rollover consolidates all transactions since the last EOM rollover into MDS history, clears all month to date (MTD) figures, ages your debtors and increments your GL period number.

MDS is equipped with specific batch posting programs so that events such as stocktakes, forward dated invoices, etc. can continue be processed on a day-to-day basis while your EOM work is being completed. Because MDS is batch integrated to MGL/MCL, these ledgers can be lagging MDS and do not have to be closed for their EOM processing at the same time.

Technical Tip The EOM process must be performed before you do an End of Year process. Micronet is a period-driven system and not date driven. All MDS transactions that have been posted since the last EOM rollover are treated as current and accumulated to the current period summarised figures for MDS and your Micronet General Ledger.

The next section, "Distribution End of Month Procedures", contains general EOM procedures for the Distribution system (MDS), including Micronet Job Costing System (MJC) and Micronet Point of Sale System (POS). This information applies to Micronet v2.7 and 2.8.

The EOM procedures for your company may differ from those described. When your system is first installed, your Micronet Certified Installer should sit down with you and create a customised EOM checklist for you to work through during your first few EOM rollovers.