You will now be asked to confirm your end of period date. It is advisable to allow Ardex to set the end of period date to the date of owner statements produced to prevent transactions being created or modified in the period reported. This becomes even more important where you are closing off a period which is to be reported to the ATO through BAS submission.
The ideal is always to enter all transactions and information to the month before running month end, then close the month and make no further changes. It is preferable to avoid situations where there is potential for a client, or the Tax Office querying why transactions entered to a month after month end processes were completed were not reported on owner statements.
Clicking the Next button will complete the month end process.
