Financial reports and closing · Guide 204 of 624

Close the books for the year

Year-end closing in RockifyERP is a short checklist once your monthly work is up to date.

What you need to know

Reconcile all bank and mobile money accounts to 31 December (or your year end).
Run stock counts and post stock reconciliations.
Post depreciation, accruals, prepayments and provisions.
Revalue foreign-currency balances.
Review receivables and payables; write off bad debts.
Post the period closing voucher and freeze entries for the year.
Create next year’s fiscal year if you haven’t already.

Tip: Download a backup after closing and keep it with your audit file.

Need more help with RockifyERP?

Can’t find what you’re looking for? The RockifyERP support team can walk you through it. Contact RockifyERP support.