SG Payroll: End of Financial Year (EOFY) Processing – JCurve Solutions

The following article provides you with guidelines to follow when preparing for End of Financial Year (EOFY) processing including setup for the new financial year.

Note: You will also find links to specific articles relating to Accounting & Tax Periods, Payroll, and Payroll Reports below.

I - NO ROLL OVER

Unlike some accounting systems, there’s no requirement in JCurve ERP or NetSuite to do a roll over into the new financial year. Simply create your new Financial Year Accounting and Tax Periods and continue processing as normal.

II - CREATING YOUR ACCOUNTING & TAX PERIODS FOR THE NEXT FINANCIAL YEAR

In order to continue transacting into the next financial year, you will need to ensure that you have created your Accounting Periods and Tax Periods.

Please review the following article:

Create New Accounting & Tax Periods

III - PAYROLL

If you are using payroll in a JCurve account, please review the following article:

SG Payroll: Year End Process

IV - CLOSING OFF PREVIOUS ACCOUNTING PERIODS

To help you close off previous accounting periods, the following article will provide you with a checklist of considerations:

Closing Accounting Periods

V - END OF MONTH PROCESSING

The following article can be used as an ongoing checklist to work through end of month processing:

End of Month Processing

Related articles