Year End - Roll Forward
Last update:CCH Fixed Asset Register
Year End (FAR)
The document outlines the procedure for performing a year-end in the CCH Fixed Asset Register (FAR). No special process is required, but the system prevents progression if the nominal ledger does not reconcile with the FAR or if an asset movement has occurred since the last depreciation posting. The system provides warnings at year-end but not at other times, such as when printing accounts. Users are advised to finalize accounts in CCH to prevent earlier period reconciling issues.
CCH Fixed Asset Register
When the accounts are rolled forward, does the FAR get locked down so that the figures do not change?
The document discusses the functionality of the Fixed Asset Register (FAR) in CCH Accounts Production when rolling forward accounts. It highlights that previous year's FAR is not locked unless the "Finalise Accounts" option is selected. If not finalized, prior year entries can still be made, impacting opening costs and depreciation for the next year, but not updating the nominal ledger. Additionally, it notes a warning appears when making entries in the current year that affect earlier periods.