Period-end checklists

Use these checklists to make sure your transaction details and audit trail records are kept up-to-date.

Daily and Monthly

The following list items are only recommendations, and you may want to add or remove tasks. You'll also find these tasks listed in your built-in checklists, which you can change according to your needs.

Daily

• Print a list of the day's transactions
• Print a list of changed records
• Enter a bank deposit
• Check data integrity
• Back up your data

Monthly

• Check data integrity
• Back up your data 
• Reconcile your bank and credit-card statements
• Print monthly reports
• Check your budget: Sales vs. Budget, Expenses vs. Budget
• Compact your data to improve processing performance

Year-End

Moving from an old calendar year to a new one (from December 31 to January 1) affects only payroll. Sage Simply Accounting moves all amounts from the current year to the previous year except for pay advances and vacation time. These amounts represent continuing assets and liabilities. The end of the fiscal year may or may not occur at the same time as the end of the calendar year. It depends on how you have set up your business.

End of Year

• Year-End Checklist
• Before you start a new Calendar Year
• Before you start a new Fiscal Year