Introduction: Completing a Month End Close
Overview
The following pages describe how to process a month end close. At this point, we are assuming that you have completed all steps described in the ‘Preparation for Month End Close’ section of this document.
Unless specifically stated the following steps should be performed in the order in which they are listed. If you have any questions, please contact Tyler Support for assistance.
IMPORTANT: If you are running the 21.500 Tyler release but have not yet completed a month end close, please refer to the Month End Procedures in the 21.100 Work Schedule document. You must complete one month end close using the 21.100 procedures before using the month end steps described in this document.
Special Notes
- To capture an accurate inventory value for the month, you should not begin the Month End Close Procedures until all inventory movement (e.g. sales, receiving) is completed for the current month (on either the last business day of the current month or on the first business day of the new month).
- No inventory movement for the new month should occur before the Initial Steps described below are completed.
- The Start of Day Date does not control the inventory count and valuation. Regardless of the date, all inventory movement is real time and affects counts immediately.
- If your company runs Tyler on a stand-alone server, complete a full backup before starting any of the month end steps. If your company is on Tylernet, this backup is automatically performed for you.