Get Closing The Month In Deltek Gcs Premier - Neosystems

This guide provides a clear and supportive approach for users to complete the month-end closing process in Deltek GCS Premier. By following the detailed steps outlined below, users can efficiently navigate the necessary components of the form online.

Follow the steps to successfully close the month in Deltek GCS Premier.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin with the interim review, which includes relieving prepaid expenses for the month. Ensure accurate entries for depreciation, prepare accruals, and review indirect expenses. Confirm that all journal entry reversals are posted before proceeding.
3. Conduct a review of the trial balance, making sure all accounts have been reconciled. Check the status of the ZZZZ-000-00 account to identify any missing posting accounts.
4. Reconcile the accounts payable and accounts receivable ledgers to the general ledger. Print the Open AP report and Aged A/R reports to cross-verify balances.
5. Print the balance sheet to ensure that total assets equal the total liabilities and equity. If discrepancies occur, seek assistance from a consultant.
6. Run the general ledger reconciliation report to confirm that all entries are accounted for and properly processed.
7. Prepare any final entries, including tax accruals, before closing the period. Ensure all financial reports are printed and reviewed for accuracy.
8. Once all checks and balances are complete, click save to preserve changes. You can also download, print, or share the completed form as necessary.

Complete your documents online today for efficient management of your month-end closing process.