Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

...

If is up to your organisation as to how far into the next month you accept late invoices.

Ensure that you check for any uninvoiced purchase receipts before running your trial balance. 
This step can be done any time not just at end of month. See further details below

Supplier Payments

  1. Download the Bank Statement as at the end of the month in question and the first day into the next month 
  2. Ensure all Suppliers Payments that are presented on the Bank Statement have actually been entered into Readysell and dated as per the bank statement date . 
  3. Normally supplier payments are electronically lodged, however you may have manually lodged a supplier payment and overlooked entering it into readysell. Supplier Payments
  4. Ensure that the supplier payments are allocated to the best of your ability. Allocating a Supplier Payment/Credit through Cards
  5. Enter all Misc Bank Payments that have no relevance to a supplier off the statement for that month. This doesnt necessarily have to be done before running supplier trial balance.  Bank Payments  Bank Transfers
    Example Merchant Fees, interest paid, or non supplier expenses (wages,rent etc) that are on the bank statement.
    Ensure you date these transactions the date as they appear on the bank statement. 

...

Note

You need to check that Receipts/Invoices/Credits/Supplier Debits/Supplier Credits/Supplier Payments have been posted correctly and have not failed. If you should find any transactions that have a status of Failed or Posting please Posting   please contact Readysell


Purchase Receipts

...

Note

Now to check for any Uninvoiced or Open Purchase Receipts./Invoices/Credits


Purchase Receipts

  1. Still in Readysell>Purchasing>receipts

  2. Go to the top ribbon and drop the filter and select each one of the following 'UnInvoiced supplier Credit Dispatches', 'Outstanding Purchase Receipts', 'Uninvoiced Purchased Receipts' .

    Expand
    titleShow me


    If any appear in the list then you will need to investigate as to why they are still outstanding/not finalised or Invoiced before you can continue with end of month
    Next filter for  'Outstanding Purchase Receipts'. 


Purchase Invoices

  1. Still in Readysell>Purchasing>Invoicing

  2. Go to the top ribbon and drop the filter and select 'Outstanding Purchase Invoices' .

    Expand
    titleShow me


If any should appear in the list, investigate and resolve or contact readysell if you cant.

Once you are satisfied that you are now ready to continue with end of Month you can run the reports below.

...


...