Month-End Close

Lessons

1. 01

   Bank accounts and bank reconciliation

   This lesson shows how to set up a bank account in Parsimony and reconcile it with the bank statement.

   2:45 film · written guide · quick check

2. 02

   Payment reconciliation

   This lesson shows how to match a customer's payment to its invoice in Payment Reconciliation, and what the Difference Account is for.

   2:36 film · written guide · quick check

3. 03

   Chase overdue customers

   This lesson shows how to chase late customers with a Dunning: find who is late in the Accounts Receivable report, set up Dunning Types, create a Dunning, review it, and follow up in the Dunning list. The screens are example data from a demo company.

   2:46 film · written guide · quick check

4. 04

   Sales tax

   This lesson shows how Parsimony works out sales tax: a template for each rate, item tax templates for items taxed differently, and a tax category with a tax rule for a buyer who is exempt. It ends with where the tax lands on an invoice and in the Sales Register.

   2:30 film · written guide · quick check

5. 05

   Close the period

   This lesson shows you how to lock a finished month so nobody can post into it, and how the year-end close works.

   2:46 film · written guide · quick check

6. 06

   The month-end checklist

   This lesson walks the order of a month-end, from the first check to locking the month.

   2:48 film · written guide · quick check

Next course: Imports and Landed Cost