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End of Year - Coggle Diagram
End of Year
Investment accounts
Check for unposted activity
Set up Worksheet
Move closing balances to Worksheet
1st close, true-up Dunham from Portal balances, fees, income
2nd close from 1099's - refine journal entry to break out Realized gains
Capitalization
Review Facility Reserve Expenses and update Perpetual Depreciation worksheet
Backout Expenses to Debit accounts
Reduce Facility Reserve by total Capialized
Vacation accrual
Obtain vacation worksheet from Christie
Calculate accrual
Enter closing journal
Outreach
Move Service budget to Outreach
Set up 2021 Outreach Analyser with balances from 2020
Depreciation
Move Vestry Designated amounts to appropriate funds