AgExpert Analyst Completing a Year End
Introduction
- Learning objectives
The yearend process
- Business Identities
The Four year ends modes
- Normal Mode
- Mergeable Mode
- Pending Mode
- Final Mode
Preparing for a year end
- Review of transactions, accounts and assets
- Reconciling accounts
- Process the final GST report and review the trial balance
- Clear out the cheque que
- Clear out the invoice que
Verify Capital Assets to your tax return
- Verifying CCA schedule to your previous year’s tax return
- Printing year end statements
Year End adjusting Entries from your accountant
- Back up your Data files
Processing the Year End
- File Name
- Capital Asset Depreciation
- Budget Generation
Year end merge of adjusting entries
- Scenarios 1-3
Tips for getting more out of your Analyst software
- Keystroke short cuts
- Setting up Displayed Date
- Program Shortcuts
- Memorized transactions
- Using the “Edit Details Feature”
Getting Help