For companies running on a calendar year, it's time once again to go through the year-end procedures. From reconciling sub modules to Preparing for 1099 MISC forms - we wanted to provide you with some tips to help ensure that your year-end process goes as smoothly as possible.

• First you’ll want to close December the same as any other month
• Back up your data!
• Update your date. Before processing transactions in 2011. Update both your fiscal and inventory(if applicable ) calendars
• Purge Old Data (optional – please call us for recommendations)
• Close sub modules (optional - This can significantly speed up aging reports, but the close date can vary.)
• Import your budget. You can import your budget into the General Ledger using an Excel Spreadsheet.
• Prepare your 1099. Print your 1099's right out of the Accounts Payablemodule. Use this time saving feature even if your 1099 amounts aren't correct as you can easily correct the values prior to printing.
• Update Your Payroll Tax Tables(if applicable).

Great Practices to include for Year-End IT Activities

• Test your backup system
• Clean up disk space
• Test your ups

As you close out your year please give us a call if you run into any challenges. We are always here to help you!