It's almost that time again! The hands of time have rotated around and another year has raced by.
Before 2009 passes into history, here are some things you can do to make your year end processing go smoothly.
Every business has two types of business years: calendar and fiscal. Your ASICS software has two
distinct closings. Calendar year does not affect the General Ledger and should ALWAYS be done at the
end of December. Fiscal year is for your General Ledger and may or may not be the end of December.
On or about December 31, you must close out the month of December as well as close out the year for 2009.
As a general guide, the following steps should be taken on or before December 31 to close BOTH your
month and year before you start any 2010 work:
Like the old saying about keeping your body healthy, "An ounce of prevention is worth a pound of cure", preparing to do your year end
processing before 2010 hits will make your yearly accounting chores much easier.