accpac simply accounting 9.0 Benutzerhandbuch

Part 3:  Company Maintenance 

21–8    Simply Accounting 

 

SWU9UG 19-21.doc, printed on 1/8/02, at 1:24 PM. Last saved on 1/8/02 11:54 AM. 

Accounting moves all amounts from the current year to the 
previous year except for pay advances and vacation time. These 
amounts represent continuing assets and liabilities. However, if 
your fiscal year coincides with a calendar year, be sure to read 
the next section for important information about fiscal year-end. 

Before you begin a new calendar year, you should do the 
following: 

‰

Check your data’s integrity and back up your data. See 
Chapter 19, “Preventing Problems.” 

‰

Print your payroll reports. See “Printing Audit Trail 
Reports,” at the end of this chapter, for more information. 

 

In Canada, you may also need to update the personal tax credit 
amounts that are subject to indexing for your employees. See 
“Automatically Updating Personal Tax Credits Subject to 
Indexing” in Chapter 20.  

The end of the fiscal year may or may not occur at the same time 
as the end of the calendar year. It depends on how you have set 
up your business. 

Nonetheless, the end of the fiscal year is a critical time for your 
business and its financial statements. 

Before you move into a new fiscal year, you should do the 
following: 

‰

Check data integrity and back up your data. 

‰

Reconcile the statements for your bank and credit-card 
accounts. 

‰

  If filing taxes electronically, export GIFI data. 

‰

Print year-end and budget reports. 

‰

Make year-end adjustments as recommended by your 
accountant.