Free Stuff

First Workday of the New Fiscal Year
from George at Cougar Mtn Support.com

Minimum

• Make sure that the block period is set so that no one can enter a date in January of 2006 in error
   

• If a new invoice numbering sequence is to be implemented, change that last invoice number in the "Last invoice number" in Options> Module Preferences> Defaults
   

• Load new State Unemployment and Calif. SDI rates (.6 to max of $83,389) before processing the first 2007 payroll  (Federal and State Withholding Tax changes need to be don't need to be done until the end of January)
   

• Prepare to make any needed changes to the minimum wage for California workers becomes which goes to $7.50 for hours worked in 2007.
   

Recommended

• Notify all departments and key employees that no new year activity is to be posted until notified (its best to hold off on posting new fiscal year activity, especially payments, until a final AR aging can be run)
   

• If you have the Max_Date Block _{tm adjust the Block-High date to be Feb. 2007 or manually adjust the period 38/39 ending date to Feb. or March 2007}
   

• Defer any non-critical computer hardware or software changes as they may cause problems
   

Advanced

• Remind all departments and key employees to turn in expense reports and requests for other expense reimbursements for 2006 are to be turned in today
   

• Review with all departments and key employees any transactions for the last fiscal year that can't be posted today
   

• Make daily backups and special backups before doing a purge
   

• Create a new company code to contain the 2006 data for each module before purging
   

• Run and review AR, AP & Inventory Control Reports and fix any problems
   

• After printing the last Order Entry batch for last year, print the Missing Invoice and research and resolve any missing invoices
   

• Request all employees submit a new W-4 and change of address form for W-2's as needed
   

• Review suppliers needing 1099's and verify the Tax ID numbers
   

• Review the check stock and missing check report for checks that need to be recorded
   

• Check the Bank and credit card statements for items that need to be recorded
   

• Fix any inventory items number with Zero cost or erroneous cost
   

• Request an unrecorded bad debt list be prepared
   

• Request an inventory obsolesce, write-down list be prepared
   

• Review all open batches, work order, back order batches and unused customer deposits for items that need to be recorded in the just completed fiscal year
   

• Review the bank statement for
   

Cougar Mountain Software Support-Super Stars

• Check with the company's officer's for any abnormal activity that need to be recorded
   

• Sign on to the bank and download an advance bank statement
   

• Sign on the credit card statements and download an advance statement
   

• Check with shipping that there weren't any shipments that were reported shipped but didn't ship
   

• Request shipping print the shipping logs off of UPS Worldship and Fedex Powership for the 2-3 days at yearend and the 2-3 days in 2007
   

• Request a list of unprocessed customer returns and warranty repairs
   

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