The Month End feature in HDS Doorways is an efficient tool that helps in the reconciliation process and in closing out accounting periods.
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A
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. Month End - Description and few instructions.
B. Select Year - Filter
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the current, previous, and all years.
C
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. Open Status
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- All users can make changes to the month.
D
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. Locked Status
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- Prevents other users from making changes during the review process.
E
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. Closed Status
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- Prevents any further changes from being done by any user.
F
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. "Closed/Locked By"
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column - Lists the username of the person who locked or closed the month.
G
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. Date/Time
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Column - Lists the date and time the last action was performed for the month.
H
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. Export All Transactions - Exports all activity and downloads it as a .csv file to your computer.
Step-by-Step Guide to Performing Month End
- Login to Doorways.
- Click "Accounting" in the header navigation bar.
- Click the tab labeled "Month End".
- Scroll down to the next open month.
- Click the dropdown menu of the month that you wish to reconcile and/or close out.
- Click "Lock". Locking freezes the selected month so that no other users can post or adjust transactions within the timeframe of the locked month.
- Reconcile the monthly reports against your monthly bank statement to check for discrepancies.
- Return to the month end tab in the Accounting section.
- Click the dropdown and select "Open" or "Close".
- When Closing the month, this ensures that no transactions from that point on can be made for the closed timeframes.
Below is a diagram of the workflow performed when completing the Month End Process:
