Revaluation and period close

Step by step

1. Reconcile sources Accountant

   Accountant resolves inventory, transit and work in progress evidence at cutoff.

   • Resolve inventory, transit and work in progress evidence at cutoff.
   • Updates Close tasks, Inventory positions, Journal entries

2. Calculate delta Accountant

   Accountant captures source, currency, rate and before-and-after carrying values.

   • Capture source, currency, rate and before-and-after carrying values.
   • Updates Valuation runs, Valuation lines

3. Approve revaluation Finance Manager

   Finance Manager approves a stable calculated scope.

   • Approve a stable calculated scope.
   • Updates Valuation runs, Approval decisions
   ApprovalA person approves before the work moves on.

4. Post journal Accountant

   Accountant posts balanced entity-functional debits and credits.

   • Post balanced entity-functional debits and credits.
   • Updates Journal entries, Journal lines

5. Close period Finance Manager

   Finance Manager approves closure only after current tasks and postings reconcile.

   • Approve closure only after current tasks and postings reconcile.
   • Updates Accounting periods, Approval decisions
   ApprovalA person approves before the work moves on.

Warehouse Operator

Records physical facts; Warehouse Manager controls stock scope; Purchasing Manager owns the supplier commitment; Accountant prepares value evidence; Finance Manager makes financial decisions.