Year End Accounting

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Balance prepayments accounts

  1. View report
  2. Create journal entries

Check deferred revenue

  1. View report
  2. Verify that total debits equals credits

Check accrued revenue

  1. View report
  2. Verify that total debits equals credits
  3. If they don't match, add any invoice discounts to the journal entry
  4. If they still don't match, check the project for any un-invoiced time

Check uncoded transactions

  1. View report
  2. Code Client Type and Division