Post-Audit Year-End General Ledger Checklist

Complete these tasks in the order listed.

Once you have completed the yearly audit, complete the post-audit year-end tasks.

In this Topic

Post-Audit Year-End General Ledger Checklist

Step 1: Enter audit adjustments

When the audit is complete, enter audit adjustments in the AUDIT journal in period 14/YY of the prior year. See the help topic titled How do I enter additional, non-checking adjusting entries?

Step 2: Run cash-only automatic allocations

Run cash-only automatic allocations for period 14/YY of the prior year. See the help topic titled How do I create allocations?

Step 3: Run Checkout

Run Checkout for period 14/YY of the prior year. Correct any errors and run Checkout again before continuing to the next step. See the help topic titled How do I close year-end?

Step 4: Print Financial Statements

Print a final copy of the financial statement for period 14/YY of the prior year. See the help topic titled Financial statement report.

Step 5: Print Detail Ledger

Print a final detail ledger for period 14/YY of the prior year. See the help topic titled Detail Ledger.

Step 6: Reprint opening trial balance

Reprint the opening trial balance for period 00/YY of the new year. See the help topic titled Trial Balance Report.

Step 7: Review Trial Balance Report

Review the Trial Balance report. Verify that the balances on the Trial Balance report match the balances on the Financial Statement printed in Step 4.

You're done!

Adding audit entries to a closed year

Add Audit Entries to a Closed Year (1m40s). Learn how to add audit entries to Period 14 and recompute beginning balances.

Published 25Aug2017