It is a normal procedure to close the books on a monthly basis. After closing the management reports will be generated without any possible changes.
In several programs in E-Hors it needs to be checked if the books are closed.
E-Hors has 2 features:
- Month Closing, which closes a particular month as well as earlier months if not closed yet. A month can be re-opened by staff having level 4 at least. If the month of January until September is still open, and you close the month of September, the month of January until August will also be closed. If a month is closed, all transactions from that month and all months older than the selected month must be closed. Closing does not go further back than the startDate of the property settings.
- Click the"add new record".
- Select the month that you want to close.
- Select the year.
- The close status will immediately appear.
- Select the "month" period.
- Click Submit when done.
- months that were closed and can still be edited will have an edit icon.
- Click on the edit icon, and change the status from close to open, or open to close. Opening a month will only open the selected month.
- Year Closing, A year closing cannot be re-opened anymore. It is therefore advised to close the year once the annual reports have been generated and approved. A year closing resets the P&L accounts. Reset P&L accounts is a procedure in which each account is set to zero with the counter account retained earnings, which is accountID EHORS-009.
- Click the "add new record".
- Select the year that you want to close.
- Select the "year" period.
- Click Submit when done.
