[SYS21] Year End procedures

["John Leopard" <jleopard@xxxxxxxxxxx>]

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There's a  year end procedures document being passed around the JBA User
group.  On the whole it's a good starting point for year end processing in
System/21. Of course every business is different - everybody's got their
own reporting, audit, and security requirements.

However, beyond the simple processing and reporting steps there are other
procedures not included in the document that you might want to add to your
year-end list. For example you might want to ask:

        Which System/21 files should I retain at year end?
        How can I access year end information during the audit period
(several months later)?
        What's the best way to maintain Control account integrity?
        How do I ensure my largest assets (Inventory and Receivables) are
under control and reported accurately?
        How do I make sure I have proper liability and accrual reporting
at year end?
        How can I use queries to eliminate or minimize suspense account
activity?

Applying the right methodology not only ensures a "clean" close but could
save hundreds of hours of employee time and thousands of dollars/euros in
audit costs.

Hope this helps.  Best of luck with your year-end!


John Leopard, CPA
Manager, Business Consulting
Information Alternatives, Inc.
9850 Redhill Drive
Cincinnati, Ohio  45242
513.793.2929, ext. 305
513.936.4040 fax
jleopard@infoalt.com

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