Periodic Reporting
Last update:CCH Accounts Production
Producing Management information - steps
The document outlines the capabilities and considerations of using CCH Accounts Production for generating management accounting information. It details features such as saving periodic trial balances, utilizing dimensions for departmental reporting, and creating budgets. Additionally, it highlights existing templates for Profit and Loss Accounts and the ability to customize these templates. However, a limitation mentioned is that users can only create a maximum of 20 reporting periods, which may restrict certain reporting needs. For further assistance, users are encouraged to consult with their account manager.
CCH Accounts Production
Journal entry: roll-forward, roll-back
The document provides guidance on entering journals in defined accounting periods using a specific software. Key topics include: creating reporting periods and setting up dimensions before journal entry; the default date for posting journals; the process for rolling forward to the next accounting period after posting; and the procedure for entering journals into subsequent or prior periods post-roll-forward. Additionally, it mentions that reversing journals will automatically reverse with the period roll-forward and highlights the inability to roll back after new transactions are posted.
CCH Accounts Production
Creating Periodic Reporting Periods
The document outlines the process for creating and managing reporting periods in accounting software, emphasizing user-defined intervals such as monthly or quarterly. It details the steps for setting period end dates, which allows for the automatic reprofiling of transactions, and discusses the implications of having existing transactions on closing reporting periods. Additionally, instructions for deleting a reporting period are provided. It advises maintaining at least two open reporting periods leading up to the year-end.