Preparing Your Accounting Department for End-of-Year

Setting-Up an End-of-Year Calendar for AP Success with Dynamics ERP

It’s hard to believe that End-of-Year is rapidly approaching. It seems like we were just looking at schedules for summer vacation, and now the requests are rolling in for the holidays. It can be a challenge as End-of-Year approaches to grant all of the vacation requests, because it’s important to make sure that there is appropriate AP staffing. However, by getting an early start on the prep work for End-of-Year everything tends to run more smoothly. It seems simple, but as you’re getting out your calendar to mark all of your holiday festivities, it’s also important to sit down and establish a calendar with all of your deadlines and due dates. What kind of things should appear on your calendar?

• A Date to Review Your 1099 Supplier Info
• A Reminder to Email Employees About Submitting 2014 Expenses to AP
• A Date to Analyze Open Purchase Orders for Goods Received & Not Invoiced

Would you like to learn more about other AP best practices for End-Of-Year with Dynamics ERP?

Click here to learn more about our upcoming webinar!

by AvidXchange