Month-end: assets, accruals, lock 0:41
Depreciation, accruals, and a locked month nobody can change.
Transcript
Hi, I'm Zuzu. Let's close a client's month: depreciation, accruals, and then lock it.
In Closing and reports, open Fixed assets. Each asset has a depreciation schedule, and entries are posted by themselves as each date passes.
Accruals and provisions, like the audit fee for the quarter, are journal entries at the month end.
Then lock the month. After that, only the partner's role can post into it, so nothing changes behind your back.
That's it! Need a hand? Visit zenoziva.com
