General Ledger End of Month Procedures

This checklist contains End of Month procedures for the Micronet General Ledger (MGL). It applies to Micronet v2.7 and 2.8.

Distribution EOM

Before you run the GL End of Month, you need to run End of Month in the Distribution system. Refer to "Distribution End of Month Procedures".

Creditors EOM

When you have finished your Distribution EOM rollover and before you run the GL End of Month, you should process the Creditors EOM. Refer to "Creditors End of Month Procedures".

MGL Checklist Prior to EOM

1. Select GL TRANSACTIONS | BANK RECONCILIATION and reconcile bank accounts.

2. Select FILE | PRINT to print the Bank Reconciliation Report.

3. Verify that General Ledger balances are correct.

Related Topcis "GL Transactions - Bank Reconciliation".

Reports – MGL

1. Select REPORTS | and print / PDF the following:

• GL SUMMARY
• TRIAL BALANCE
• BALANCE SHEET
• PROFIT AND LOSS.

Related Topics "Reports - GL Summary" "Reports - Trial Balance" "Reports - Balance Sheet" "Reports - Profit and Loss"

Process General Ledger EOM

Technical Tip This only moves the default GL period forward one month; it does not remove any transactions.

1. Select MAINTENANCE | EDIT COMPANY | EDIT | COMPANY LOCKDOWN to lockdown the company (Micronet 2.8).
2. Select MAINTENANCE | SET LOCAL DATE.
3. Set the date (mm/dd/yy).
4. Select Lock Date.
5. Select END OF PERIOD | END OF MONTH.
6. Select MAINTENANCE | EDIT COMPANY | EDIT | COMPANY LOCKDOWN.
7. Uncheck Lockdown Company then select OK.
8. Select MAINTENANCE | SET LOCAL DATE.
9. Select Reset.

Related Topics "Edit Company - Edit - Company Lockdown (v2.8)" "Running GL End of Month"