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740 - Remote Training - Financials

Greg Stevens
Tags: accounting, Financials, Setup, Training



The Financials Section of OnSite is where you can run Balance Sheets, Profit/Loss reports and close and lock accounting periods in the system.

     Financials Setup & Overview




      Locking and Closing Months



               Flash Financials



         General Ledger Reporting




        Procedural Considerations

1.    Are you going to close accounting periods?

2.    How will you utilize the Locking Months feature to prevent data changes?

3.    You should have a VERY STRONG month-end close procedure where reports are generated, data is backed up, and certain things are spot checked in your system.  Once a month is closed, it should remain closed!