Many procedures in Accounting can also be considered month-end procedures. The following procedures might be performed at the end of the month at your company; click on the links to the topics below to learn how to perform these tasks.
Printing customer statements
Most businesses send statements of sales activity to their customers at the end of each month. (Printing and emailing invoice and activity statements)
Analysing sales
It's a good idea to be aware of your company's sales activity and trends on a month-by-month basis. The Analyse Sales window can provide you with a graphical representation of your monthly sales. (Reviewing your sales activity)
Analysing purchases
Tracking your company's monthly expenses is a wise business practice. (Reviewing purchase activity)
Counting items in stock
Staying on top of your stock quantities can make the difference between making sales and losing sales. Therefore, it's a good idea to check your current stock levels at regular intervals and be sure your Accounting records match your actual quantities. (Counting stock items)
Recording unrealised gains and losses (Accounting Plus only)
If you use the Multicurrency feature of Accounting, you may need to make a journal entry to record your company's unrealised gains and losses for the current month and reverse the previous month's entry. (To record unrealised gains and losses)