NWOCA- USAS Calendar Year-End Closing Procedure
This procedure outlines the steps to be taken to close the USAS calendar year.
Preliminary Calendar Year-End Closing
Δ 1) Check 1099 data with datatrieve report VENSSN.
◊ Make sure to check that all vendors flagged to receive 1099's are ACCURATE (vendor name, address, 1099 type is valid/legal, and social security or tax ID number). Use the following options:
1099-MISC Vendors Only (Regardless of YTD Activity)
1099-MISC Vendors AND YTD Activity > $599.99
◊ In order to check for vendors that have not been flagged, use the following option:
NOT 1099-MISC Vendors AND YTD Activity > $599.99
If the vendor uses a different name for 1099 reporting, enter the 1099 reportable name on the 2nd name field on the vendor record. Enter the digits 1099:followed by the IRS 1099 name.
Δ 2) Enter all transactions for the current month
Δ 3) Attempt to reconcile USAS records with your bank(s):
Ο A) Perform bank reconciliation procedure as described in the USAS User Guide/Useful Procedures.
◊ In the USAEMSEDT program, option 1, enter your cash reconciliation information
Ο B) Run BALCHK , and Outstanding PODETL reports
◊ Examine the MTD, YTD, and FYTD expenditure lines on BALCHK report (dollar amounts for cash, budget, & approp. accts should all be identical for each line on report)
◊ Examine the MTD, YTD, and FYTD revenue lines on BALCHK report (dollar amounts for cash and revenue accounts should be identical for each line on report)
◊ Compare Current Encumbered totals from the BALCHK and Outstanding PODETL reports. They should be identical…….. if not execute the FIXENC to correct and regenerate BALCHK and compare totals. If the totals still do not balance contact NWOCA personnel for assistance.
Ο C) Run FINSUMM, selecting "Y" to generate the FINDET report for comparison.
◊ This will cause the FINDET report to be generated with identical selection criteria as the FINSUMM and will determine if it balances with FINSUMM.
◊ The total will display on the screen when run is complete. Compare the total from the FINDET and FINSUMM, they should be identical
If all above steps are performed and totals all agree, you are in balance and may proceed.
Δ 4) *****Optional Step (SM1/SM2) ****** From your *NORMAL account, run the SM2CALC program. The SM2CALC calculates the SM2 for the month, print the resulting report.
Δ 5) Log into your "B" account and at the menu prompt enter the command:
BEWARE of anything the computer displays on your screen which contains the word "error"
%COPY-E-OPENIN, error opening FSA:[DISTRICT]ACCT.IDX;2 as input -RMS-E-FLK, file currently locked by another user
THIS IS AN ERROR CONDITION AND THE USER SHOULD INFORM NWOCA IMMEDIATELY
Provided no messages appear in the form described above, the user may proceed
Δ 6) Log into your "B" account and at the menu prompt enter the command:
◊ You will be prompted whether you want to generate the reports for NOW or LATER. (NOW would cause it to run immediately and LATER will run at night.) We recommend LATER to relieve load on the system during the day.
Please IGNORE the message at the end of the MONTHLYCD program that tells you to wait to run ADJUST until after MONTHLYCD has completed. This message is there for the benefit of the majority of the districts around the state who do not utilize monthly copy accounts. As long as you run MONTHLYCD from your "B" account you can set it to run for later and still run ADJUST from your live account immediately
◊ Upon completion of Monthly CD you will receive an email message in your "B" account; the reports will be accessible via the following URL:
-xx meaning the two character abbreviation used for your districts archive account
Δ 7) Please verify that the reports appear on the web page and are correct.
If the user would like hard copies of the month-end reports, it is STRONGLY recommended that the user generate and print the majority of the large reports at night via the QUEBATCH system, otherwise, please use the MONTHLYCD program.
Δ 8) Generate any additional month-end reports from your "B" account
Δ 9) Log into your NORMAL account and run the ADJUST program.
◊ Select "month end processing" and indicate that all of your transactions for the month are completed. The ADJUST program will also automatically calculate your SM2 for the month.
YOU MUST NOT BE RUNNING ANY OTHER PROGRAMS FROM YOUR NORMAL ACCOUNT DURING THIS PROCESS (THAT INCLUDES THE WEB AND PAYROLL PROGRAMS!)
Calendar Year-End Closing
Δ 10) Generate any additional calendar year end reports such as WORKCOMP
Δ 11) Perform Calendar Year-End copy
◊ From your NORMAL account and at the menu prompt enter the command:
Δ 12) Run the program F1099
Ο A) If you are ready to process your 1099's, run the F1099 program from your NORMAL account
Ο B) If you are NOT ready to process your 1099's, continue on with the rest of the closing procedures and when you are ready, you may run the F1099 program from your 'B' account.
Ο C) Contact NWOCA personnel by email (firstname.lastname@example.org) within 48 hours of running the F1099 program to print 1099's as the report file disappears after 48 hours.
Δ 13) Run VENHIRE/VHRESET
◊ Will reset all vendors flagged as "Reported" to "Reportable"
◊ Last reported date will be left for historical tracking purpose
Δ 14) Run the program ADJUST again from your NORMAL account.
◊ Select the "Year-End" option and run for "Calendar".
YOU MUST NOT BE RUNNING ANY OTHER PROGRAMS FROM YOUR NORMAL ACCOUNT DURING THIS PROCESS (THAT INCLUDES PAYROLL PROGRAMS!)
You are now closed for the calendar year, proceed with January processing.