After the month's transactions have been completed in the General Ledger, the General Ledger End of Month (EOM) rollover can be performed.
The EOM process moves the default GL period forward one month, as displayed on the MGL General Configuration screen (refer to "Edit - General Ledger Config - General Ledger Setup").
The EOM process does not close the month's ledger. Prior-period postings may still be done to any prior period.
General EOM procedures are outlined in the next section, "General Ledger End of Month Procedures". The EOM procedures for your company may differ from those described in the next section. 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 with through during your first few EOM rollovers.