End of Financial Year (Admin)
- Technical Author
- Technical Writer
- Technical Writer
Useful Information
Automatically bank and clear all outstanding funds without reconciling. All Onhand and Banked funds in selected cost centres are automatically banked and cleared without the need to manually reconcile.
This feature can be used to allow cost centres to be deleted where funds appear Onhand or Banked in the Banking screen.
Auto-banking can be carried out as part of the academic year end process, or can be carried out at any time during the year. After auto-banking, funds will no longer appear in Check Bank Statement awaiting reconciliation.
This function cannot be reversed and should only be used if you have not been tracking funds in the Banking screen.
Refer to the SCO Financial Year End Guide for further details of Financial Year End tasks.
Automatic Banking
To auto-bank funds:
Click on the Admin tab
Select End of financial year
Select Automatic banking
All cost centres are listed. Tick the appropriate box(es):
No action - no action is taken, the funds are not automatically banked
Auto-bank - automatically deposits all onhand funds and clears all bank statements. Funds are moved to the Cleared column
Select:
Save to exit the Automatic banking window and save the selected settings
Cancel to exit the Automatic banking window without changing any settings
Set suggestions for SCO to suggest which cost centres to auto-bank
Restore initial view to return to the default prior to making selections or selecting Set suggestions
If you have selected to Auto-bank:
A dialog box will ask Are you sure you want to bank automatically and warn that This operation cannot be undone. Click Yes to continue or No to cancel
When asked Do you want to print the Auto-bank - date statement, select Yes or No as required
Refer to the SCO Financial Year End Guide for further details of Financial Year End tasks.
Other Admin Functions
Contact our Customer Support Team
support@tucasi.com | 02380 016 564
Copyright Tucasi Ltd 2004 - 2023