Prepare my close
Prepare my close lists what needs attention in the open period, from missing statements to cutoff accruals. You confirm every action, and nothing posts.
Steps
- Open Close and choose Prepare my close near the top of the board.
- Read the report. Findings are grouped as Missing statements, Cutoff accruals, Accounts to watch, Ready to tie and Drafted notes.
- For a missing statement, choose Preview statement request to see the email before it goes to the person who sends that statement. Send it only if it looks right.
- For a cutoff accrual, choose Add to accrual schedule to save a suggested accrual on the accruals step for review. No entry is posted.
- For an account to watch, review the movement and choose Mark reviewed. For a step that is ready to tie, choose Open step.
- Choose Dismiss on any finding you do not need. Every confirmation and dismissal records who acted and when.
Questions and answers
- Does Prepare my close post entries?
- No. It only suggests. Statement requests are sent after you confirm the preview, and accrual suggestions are saved for a preparer and reviewer to decide on.
- Why does it say cutoff history is unavailable?
- Vanward could not read recent bills from your connected accounting system. Review recurring vendors manually, or check the connection in Settings, Connections.
- Can I run it more than once?
- Yes. Run it again after you add files or connect books. Findings you already confirmed or dismissed keep their record.