End-of-Period Checklist Explanation - Job Cost

1. Print/update last Job Posting Register. This register must be run to ensure that all job cost entries from job cost and all other modules have posted to the job cost transaction file. After this register is updated the user may invoice the transactions posted prior to closing the month. If this register is run after the period is closed, the postings will post into the next period.
   
2. Print/Update last Invoice Register. This register must be run to ensure that all job cost invoicing is complete for the period. If this register is not updated, the invoices will post into accounts receivable in the next period.
   
3. Print/Update last Job Completion Register. This register must be to complete jobs in the correct period. If this register is not updated in the current period prior to closing, the completed jobs will be completed in the next period.
   
4. Run End-of-Period Update. This is the last step to closing the job cost current period and should only be run after all of the above procedures have been completed. The program sets all month-to-date figures to zero, sets the date of the last end-of-period update and increments the current period by one. When this program is complete, the user may begin daily procedures in Job Cost in the new (current) period.