This article contains the order of operations for the end of period workflow and resources associated with each process. A End of Period Workflow Diagram is also available.
Step 1: Enter Statement Voucher
Enter statement vouchers for bank/investment gains, losses, and fee activity.
Step 2: Reconcile Accounts
Bank reconciliation provides a better understanding of your true cash position.
- Resource:
Step 3: Run Cash Management Balance Swaps
Complete fund level balance swaps and review the impact of balance swaps on the cash management fund.
Step 4: Run Revenue Share
Revenue share can be run for both statement vouchers and traditional vouchers.
Step 5: Process Admin Fees
Admin fees are used to configure, manage, and process the various fees an organization charges to manage a fund.
Step 6: Clear Spendable Balances
Clear the unspent spendable balance to reset the spendable balance, in case you apply a "lose it or use it" spending policy
- Resource:
Step 7: Close Books
Books can be closed either monthly or yearly.
- Resource:
Step 8: Distributions
Distributions can be processed according to a distribution type and the distribution interval set on funds.
- Resource:
Step 9: Generate Yearly Tax Receipts
Tax receipts can be generated individually or in batch.
- Resource:
CommunitySuite Month End Closing Checklist
Utilize the CommunitySuite Month End Closing Checklist to keep track of necessary action items and their timing in CommunitySuite.