End of year processing

Estimated reading: 3 minutes

Learn more about why processing end of year (EOY) is important for your practice and how to efficiently complete this task.

Before you start

  • Security access to End of Year Closing, End of Year Reports dialogs, and access to daily, monthly, and yearly reports necessary to perform the functions of the user’s role.
  • End of Period (EOP) defaults set.
  • Review the End of Year Checklist.

End of year functions

Maintaining a consistent pattern of closing periods is recommended for best period-based reporting and comparative results.

When closing end of year, the following important functions are completed:

  • Yearly records and reports are totaled and processed.
  • Values are defined and reset in the following reports:
    • End of month YTD reporting subgroup.
    • YTD totals on Inventory Item Profit Analysis report.
    • Sales this year and Sales last year in Client Patient Report Builder.
  • Data is purged following your practice’s default settings.

Running end of year

  1. Complete recommended EOY maintenance activities:
    • Finalize accounting: Review and post pending charges and payments, client write-offs and adjustments.
    • Finalize inventory and print reports: Post vendor receipts, perform a physical count, and adjust quantity on hand.
  2. Complete EOD and EOM activities and processing.
  3. Activities > End of Period > End of Year
  4. Process end of year:
    • You may see an optional reminder message to perform a monthly backup.
    • Use the notes field to document any additional information about the year’s closing.
    • Click OK.
    • Follow any prompts until processing is completed.
  5. Follow your practice’s yearly backup procedure.
  6. Run yearly reports as needed by selecting the closed EOY period.

Additional information



Related reports

  • Inventory Cost Report


Share this Page

End of year processing

Or copy link

Jump to: