If your financial year-end is 30 June take a look at our handy checklist, it’ll make sure you have everything covered when processing your year-end in Exo.
Processing your end-of-year rollover is actually pretty straightforward. It’s not much different than processing the month-end, but there are a few additional steps.
We have prepared an End of Year Rollover Procedures document you can download here. Year-end is a good time to process bad debt write-offs and do a stock take. It’s also a good time to ensure all of your balance sheet accounts have been reconciled (or put on the list for your accountant to do). If you are using the Fixed Assets module, you will want to make sure all the fixed assets purchased during the year are created as assets in Exo.
Remember all reports can be printed as a PDF. Storing reports electronically will save time and money compared to printing to paper and filing.
As always, we are here to support you.