« Return to Thread: Year End Automation

Re: Year End Automation

by Nathan Gray :: Rate this Message:

On 14-Jun-09, at 6:00 AM, xony wrote:

>
> Hi Nathan,
> First version of french translation is finished...
> I'll give you the files as soon as possible.
>
> Here the french ledger questions.
>
> Nathan Gray a écrit :
>> I'm doing up some automatic year end stuff, and I'd like some
>> confirmation against some other nations, to make sure pERP doesn't
>> violate anyone's laws (including Canada).
>>
>> What has been requested:
>> 1. After the fiscal year end date, any invoice posted for goods
>> received in the previous fiscal year should be posted as at the
>> fiscal
>> year end date, but the date on the invoice should be unchanged. I
>> suppose services received might be covered as well, but pERP can't
>> detect that, so they would have to be manually corrected.
>
> In french ledger, the invoice is posted on the date the document is
> made...
> They are two accounts "charges à payer" et "produits à
> recevoir" ("accrued
> liabilities" and "accrued income")
> in wich the operations are posted (products or services are
> delivered but
> the invoice isn't etablished).

Are these different from the normal GL accounts (Accounts Payable &
Accounts Receivable)?

> The next fiscal year, you must reverse the accounting entry when you
> receive
> or etablish the invoice.

What are the mechanics of this? Is this something that can be
automatically entered?

>> 3. pERP checks for a year end bank reconciliation, and suggests
>> maybe
>> you should do one if you haven't
>
> bank reconciliation is done month after month, operation after
> operation
> when you do the daily accounting

Really? We do month by month, because the bank sends a statement of
transactions monthly.
Does your bank provide you with real-time electronic records for you
to reconcile against?

>> 4. pERP creates and posts a Journal Entry that moves the balance of
>> all Revenue & Expense accounts to a single GL account, Retained
>> Earnings
>> 5. The General Ledger is locked, and no posting is allowed prior to
>> the year end date, except for accountant / auditors with extra admin
>> permissions.
>
> There is a journal called "Bilan d'ouverture" or "Reports à Nouveau"
> created
> by the year end procedure
> in wich all accounts are automaticly reversed for the balance of each
> account
> and the result goes in a result account.

ALL General Ledger accounts? What happens to outstanding amounts?

> I'll post you as soon as possible a french example with the real
> french
> accounts.

Thank you for your help.

Nathan Gray
nathan at goarctic dot com

------------------------------------------------------------------------------
Crystal Reports - New Free Runtime and 30 Day Trial
Check out the new simplified licensing option that enables unlimited
royalty-free distribution of the report engine for externally facing
server and web deployment.
http://p.sf.net/sfu/businessobjects
_______________________________________________
Perp-developers mailing list
Perp-developers@...
https://lists.sourceforge.net/lists/listinfo/perp-developers

« Return to Thread: Year End Automation