There are several activities that should be completed before, on and after the financial year. An overview of the tasks is below with further detail following.
Prior to End of Year
Run Department/Overall Stock Differences - if you are using departments.
Update the date for calculating average stock cost.
Run Calculate Average Cost routine.
Run Stock Control Check.
At End of Year
Complete banking for the year.
Load all Goods Receipts.
Perform Stock Take as at close of business on the year-end date.
