Preparing Your Accounting/Back-Office Teams for Year-End

In this session we will review the best practices for completing your EOY processes in CU*BASE for your accounting teams. We will review the steps that are included in our Year End Processing Guide.

This includes, but is not limited to, providing an overview of the booklet content along with steps your credit union needs to take to prepare prior to close.

The session will end with the General Ledger Year-End Closing to include confirmation of chart of accounts is configured for close, transfer of net income to equity, prepare system to process year-end, process year end, post final journal entries, confirmation of close against financials and finally assist in resetting YTD Investment Income Tracking if applicable.