Peachtree and Sage 50 Forums      

Go Back   Peachtree and Sage 50 Forums > Peachtree and Sage 50 software > Peachtree / Sage 50 Accounting forum

Thread Tools Display Modes
Old 12-02-2001, 12:13 PM
cjacker cjacker is offline
Junior Member
Join Date: Dec 2001
Location: Idaho
Posts: 1
month end closing (new user)

I have been using an old pca dos system for years and the first of this month updated to the newest Peachtree Complete Accounting system. I was so glad to find this forum. I know we will love the new system but I'm sure I'll have many "silly" questions for all of you. When I go back to work tomorrow, I will want to close for the month of November, but so far I have not been able to find out how to do this. Does it automatically ask me to close for the month? Does it walk you through the requirements? Any info from any and all would be appreciated before tomorrow. Thanks so much in advance.
Reply With Quote
Old 12-02-2001, 05:36 PM
chuayp's Avatar
chuayp chuayp is offline
Peachtree User Since 1996
Join Date: Oct 2001
Location: Sabah, Malaysia
Posts: 156

Peachtree accounting do not require to close the month end closing. When you put the company posting method as realtime, it will automatically post all your transaction.

What you need to do is change the month period to currently month Go to Task, system, change period and change). That all. We use peachtree for more than 3 years and found it very user friendly.

Best Regards
Sylvester Chua
Sabah, Malaysia
Sylvester YP Chua
Sabah, Malaysia
Reply With Quote
Old 12-03-2001, 10:04 AM
westphal westphal is offline
Join Date: Jul 2001
Posts: 39
I'm new to Windows version also, but I believe you don't have to be in a big hurry to close out November just to start working in December. Everything is date-sensitive in the Windows version, not like DOS where you could enter any date and it would be contained in whatever generation you were in. I reconcile my November cash account and make sure all my November transactions aren't going to need to be altered before I close it out.
Reply With Quote
Old 12-04-2001, 07:13 AM
grbriggs grbriggs is offline
Junior Member
Join Date: Dec 2001
Location: Needham MA
Posts: 1
Question Month-end closing

I agree with westphal that you don't have to be in a hurry to close out the month. However, once I've issued monthly financial statements to my boss and my Board, I don't want anyone posting anything to that or an earlier month! Is there any way to "lock" prior months on the system so no-one can post to them any more?
Graham R Briggs
Interim CFO
Reply With Quote
Old 12-07-2001, 08:14 AM
Posts: n/a
Although changing the accounting period to the next month prohibits new entries into previous months, I have found there are ways around this. If someone pulls up an old transaction and changes it, the changes can be posted. Also, you can create a new transaction in the current month, post it, reopen and change the date to an earlier month and it will let you post it after displaying a message that you are trying to post to a closed period. This has caused me fits in the past because it changes the books for closed months after I have submitted the financials to my boss.
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off

Forum Jump

All times are GMT -7. The time now is 07:20 AM.

Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
all contents copyright (c) by AccountingUsers Inc.