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740 - Remote Training - Financials

Greg Stevens
09-30-2019
Tags: accounting, Financials, Setup, Training

                 Financials

 

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!