Suggested End Of Month Procedures

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No formal end of month procedure is required in Jim2, however it is good practice to run through a checklist at the end of each month to ensure that nothing has been overlooked. This process can be followed weekly, if preferred, as it is integral to maintaining an accurate Jim2 database

 

The following is suggested:

 

hmtoggle_arrow1Sales and purchasing

 

hmtoggle_arrow1Accounts

 

For more information, please contact the support team at Happen Business, on 02 9570 4696, or email support@happen.biz

 

Further information

Accounts Security

Account Inquiry

Clear the Historical Balancing Account

Credit Cards

Creditors

Debtors

Advanced Creditors

End of Financial Year

Enter a Capital Asset

Enter Child Support Payments

Enter Government Support Payments

Purchase a Capital Asset Under Finance

General Journals

General Ledger

GST Sessions and the BAS

Handle Paypal (and Similar)

Multicurrency Revaluations

Record Debtors/Creditors Contras

Rounding Issues

Sell a Company Asset

Set up a Loan Account

ATO Reportable Sub-Contractor Payments

Share Utility Expenses with other Businesses

Transaction Journal

Understanding Debits and Credits

Use Debtors and Creditors Adjustments

Recover Bad Debts

Withhold Tax

Write off a Bad Debt

Write off Fixed Asset

Work with Tax Codes in Jim2