Close Financial Year

Back Top Previous Next

The end of financial year process (including checklists) is explained in detail here (including links at the bottom of the page), however there are differences in the Close Financial Year Wizard for multiple companies. The following explains how to use the Close Financial Year Wizard for multiple companies.

 

The Close Financial Year Wizard can be found on the ribbon under Tools > Close Fin. Year. Jim2 allows up to 2 years to be open, however it will not be possible to trade in a third financial year until the first financial year is closed.

 

closefinyear

 

warning1

Before proceeding, Jes must be stopped. For details on how to do this, see Jim2 Configuration Manager Tasks.

 

Info

Jim2.Cloud customers will need to contact Happen Business (support@happen.biz) to have us stop the cloud instance prior to closing the financial year.

 

warning1

No other users can be logged on to Jim2 while closing a financial year.

 

Upon running the Close Financial Year Wizard, the following checklists for each company will appear:

 

close finyear multicompany

 

This screen details each company individually. The financial year cannot be closed until all companies have been dealt with.

 

hmtoggle_arrow1Jim2 Close Financial Wizard Explained

 

hmtoggle_arrow1Things to be Aware of

 

hmtoggle_arrow1Restart the Jes (Jim2 eBusiness Service) Instance

 

For further assistance, please call Happen Business on 02 9570 4696 or email support@happen.biz

 

Further information

Multi-Company

Security

Set up and Use Multi-Company

Company Accounts

CardFiles, Jobs, Quotes, Purchase Orders

Inter-Company Stock Availability and Usage

Inter-Company Stock Transfers

Inter-Company Costs Transfer

Transfer Accounts between Companies

Transfer Funds between Companies

Close Financial Year

Business Analysis

Balance Sheet

Profit and Loss

Budgets