2018 Year-End Processing for TOPS iQFollow
The following document summarizes the steps required to close the books for the calendar year ending December 31, 2018. This procedure will cover all relevant modules in TOPS iQ.
To View/Download the PDF, scroll to the bottom of the page.
Included in the PDF
End of Year Shopping List
Not sure how many 1099's or W-3's you need? This chart can help make sure you buy the right amount of forms the first time.
No one likes a missed deadline, especially Uncle Sam. Keep note of these important dates.
Current Period Processing
For all modules in TOPS Professional and TOPS iQ, you may continue to process for January (or whatever the first month of your fiscal year might be) even though you have not closed the year. TOPS can interpret transactions by date and will recognize the dates in the new year and automatically keep them separate from transactions for the year just ended.
Calendar VS Fiscal Closing
Some modules must be closed at the end of the calendar year, regardless if your team is currently on a fiscal calendar.
Before closing any of the modules for Year-End it is strongly recommended that you make a backup of the Community’s data files.
Download the PDF for more information.
TOPS Modules and preparing for Year End
Calendar Year End: Accounts Payable
Fiscal Year End: General Ledger
Fiscal Year-End Closing: A/R & Owner Collections
The question I asked had noting to do with the info provided. I was inquiring about the possibility of using old Chart of Account numbers (I had previously used for Banks where the accounts at those banks had been closed.)
I have created a support ticket to have a technician reach out to you regarding your inquiry about your COA.
Please be on the lookout for an email.
Thank you so much!