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How do I close down my period end?

Note: Full guidance on year end close-down is given in the Period End Closedown Your Financial Year End User Guide.

Need Extra Help Closing Down?

If you need hands-on help or a confidence boost that you are closing down everything correctly, you can book a chargeable session with one of our specialists who will be able to help you. Please use this You can book me link - to book a session and we will guide you through your year end. If we need you to do something in order to close down successfully, we can also schedule another session to finish the process off.

Warning! Ensure that your pupil data is up-to-date before carrying out year end processing, especially if you import online payment transactions. If you use a third party integration software, such as ParentPay or sQuid, ensure that you map all relevant unmapped transactions. Once you do your year end, you will be unable to import retrospective transactions from the previous year.

Solution: Reconcile all your bank statements up to your period end close-down date to proceed

Within Fund Manager go to Bank & Cash > Reconcile a Bank Statement

Check to see if you have reconciled your bank statements up to and including your period end date
Reconcile any statements not already done – action this for all bank accounts including zero transactions
Check your account balances, go to Reports>Search Account Balances
Make any adjustments to your closing balances - Increase/decrease any balances by transferring in or out of these accounts. Zero any bank balances that do not need to be in your period end by transferring money out of these accounts

Method:

Go to Administration > Period End Closedown

Print out your Cancelled Transactions > Reports > List of Cancellations
Click Administration > Period End Closedown
Choose your period end dates to lock down
Click Preview to check your accounts summary
Click Proceed to Period End when you are happy to produce a hard copy of your accounts summary to be signed
We strongly suggest you do not proceed to Confirm Period End until you have the accounts verified
When you have verified with your auditors your accounts you can Confirm and Proceed to your Close-down
Your balances will be brought forward to your new period

You can print out your Period End Reports from Administration > Period End Closedown > Archive section at any time by clicking on the blue named links