AM192 – Short Year Close

About AM192

Run Short Year Close (AM192) when the fiscal year for your company has been changed, resulting in a year that is less than 12 months. Run this program instead of the normal period-end program (AM190). Before you run this program, make sure that the following steps have been performed: - You have released all asset records (AM170). - You have calculated the current period depreciation (AM180). - You have determined whether the 40% tax rule applies to you (AM220), and if so, you have adjusted the tax books accordingly (AM125). - You have run all the reports to make sure the asset entries are accurate andmade any corrections necessary. - You have backed up the data (strongly recommended). Once you run AM192 with the Release option set to Yes, AM192 is irreversible, which is why you should back up the data before running the program. Run AM192 with the Release option turned to No first to check the results without posting them. must specify either a company or company group and at least one book on which to run this report. You can select up to 5 books, and for each book, that you select, you must specify a new year end date.

Updated files (33)

Referenced files (23)

Program calls

Invoked programs (21)

ACAC, ACTA, API4, GLCC, IFAC, IFAU, IFCU, IFFC, IFGT, IFJR, IFLU, IFOB, IFRS, IFSC, IFSG, IFUP, SLFD, SLSB, SLSE, SLSS, SLSU