What do I need to do to close a period in Tali?
As always if you would like our help to Closedown (partial or our complete Closedown Service) please get in touch using our 'Chat' facility (bottom right) or if you prefer, click the button 'Get Help' or 'Advisor Help' from your Tali Dashboard to book a dedicated day and time for us to call you back to help with this.
If you are an authority or other contracted supported school then you may need to go to your team leader/authority first for help.
Administration>Period End Closedown
Use this tab when you want to produce a Draft Period End ( a preview of the real thing) or are ready to Close a Period.
What do I need to do to produce a Draft Period for audit? | Where? | Done - ticked off |
All transactions entered to at least year-end date
Any online payments? | Transactions>Enter Income/Expenditure Import remaining ones if you use Trans>Import transactions for this |
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Deal with any unpresented credits or debits that are older than 6 months | Info here on cheques
Info here on cancelling transactions |
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All bank accounts reconciled to at least the end of the financial year | Bank and Cash>Reconcile a bank statement Info link |
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Balances of Accounts no longer in use or no longer required reduced to zero if applicable | Tranactions>Transfer between Accounts, using year-end date balance as a guide Info link |
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Archive any Accounts/Client Accounts no longer in use | Administration>Manage Accounts Info link |
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Reports to print before Year-End Closedown | List of Cancellations Info link
List of Transfers between Accounts and Names Info link |
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Ready to Close? | Administration>Period End Closedown Info link |
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To produce a Draft Period End Closedown and associated reports for audit from Administration>Period End Closedown
NB. If you have a previous years closedown in the reporting section, this must be closed completely (asterisk in the last column) before you can move onto the year you are now trying to close. If you have had audit approval for a previous years draft closedown, click into the 'Report' under the Account Summary, scroll down to the bottom of the report to 'Closedown' completely.
Period Beginning Date - The start date of the period that you want to close and this will be automatically populated.
Date to - The end date of the period you want to close.
Preview - To preview the Closedown
Confirm - To produce a Draft Closedown for audit purposes
A list of reports for draft, closed and previous financial periods is shown:
Archive - all need printing for audit for the year you are closing, top line
Account Summary report is the Period End report itself
Transactions report shows the volume and value of transactions that occurred in the period
Account Balances shows the opening balances, receipts and payments, movement in period and closing balances for all accounts, don't forget to tick 'Include Transfers' and 'Include out of Use' when you print this report
Bank History shows debits and credits associated with each bank account in the period
Cash History shows debits and credits associated with your Cash In Hand account in the period
Bank Balances shows the opening and closing balances for the period for each of your bank accounts.
As always if you would like our help to Closedown please get in touch using our 'Chat' facility (bottom right) or if you prefer to click the button 'Get Help' or 'Advisor Help' from your Tali Dashboard to book a dedicated day and time for us to call you back to help with this.