We recommend closing each month to prevent entry of back dated transactions and duplicate entries on EZLynx Accounting production reports.


To close a month:

Once a previous month’s books are reconciled, they should be closed.

  • Click & hover over the Accounting icon, select General Ledger.
  • Click the Close Month tab.
  • Check that the correct month is being closed, then click Yes.

 

Tips for closing a month:

  • Verify that all transactions for the month are closed and recorded in the applicant accounts. Transactions MUST NOT be entered once the final Close-Day procedure is run.
  • Add any miscellaneous journal entries and cash account entries for items.
  • Distribute Invoices from the Billing tab then click on the Distribute Invoices and distribute any invoices that have not been sent for the month either by email or by print and mail.
  • Export the checks and General Ledger to QuickBooks.


Reopen a month:


Occasionally a closed month must be reopened to fix an error.

  • Hover over the Accounting icon, select General Ledger.
  • Click the Reopen Month tab.
  • Check that the correct month is being reopened, then click Yes.