As we experience a higher volume of calls during this time of year, we’d like to provide additional resources and guidance to those of you with a December 31 Fiscal Year.
After completing the entry of payments for the year, you will need to print your reports and reconcile the balance for December. Once this is done, you can proceed with running reports and balancing for the entire year. Please note that you cannot post any transactions or payments for 2025 until your 2024 fiscal year has been closed in Collect.
Since there are many reports that need to be generated/printed, we have several Year End Tips and Tutorial topics with more detailed instructions on:
- Recording of 2023 Year End Webinar
- FAQs for Year End Process
- Monthly Balancing
- List of reports that are necessary for most audits.
- Reviewing, understanding, balancing, and submitting your MS-61.
- Creating a backup of your data.
- Performing the actual Close Period.
There’s still time to register for our free online workshop, “Balancing the MS-61”, happening on Wednesday, December 18th, 2024, from 9:00 AM to 11:00 AM.
As always, please be sure to check our online documentation and FAQs page frequently as we update them regularly
Avitar Associates 