As the year draws to a close, it’s time to prepare for a smooth transition into the new fiscal year. From physical inventory to closing the books in 2024, it’s a busy time of the year for our customers.
We invite you to our live webinar on essential year-end tasks within Frontier ERP. This session is designed to provide a comprehensive overview of how to use Frontier ERP features to wrap up the year. Join us as we dive into the critical tasks that will set you up for success in 2025.
Key Topics to be Covered
1. Physical Inventory: One of the most important year-end activities is conducting a physical inventory. During the webinar, we’ll guide you through the steps for efficiently conducting a physical inventory using Frontier ERP. You’ll learn how to reconcile discrepancies, update inventory records, and generate important reports.
2. Establishing Fiscal Periods for 2025: Setting up fiscal periods correctly is crucial for accurate financial reporting and analysis. We’ll walk you through the process of establishing fiscal periods for 2025 in Frontier ERP. This includes configuring the start and end dates and preparing your system for the new fiscal year.
3. Holiday Calendar for 2025: Planning around holidays is essential for effective scheduling and resource management. We’ll show you how to set up your holiday calendar for 2025. This will help you avoid employee and production scheduling conflicts and maintain smooth operations throughout the year.
4. Generating 1099s: Some businesses need to issue 1099 forms to contractors and other non-employee workers. We’ll show you how to easily generate these forms from your Frontier ERP system. This session will provide instructions on gathering necessary information, entering data, and ensuring timely submission to the IRS.
5. Posting Journal Entries: Accurate journal entries are the backbone of reliable financial statements. We’ll discuss best practices for posting journal entries in Frontier ERP. We’ll include tips on ensuring accuracy and compliance with accounting standards. Plus, you’ll learn how to review and adjust entries to reflect year-end adjustments.
6. Year-End Closing: A smooth year-end closing is critical for transitioning to the new fiscal year. We’ll provide a comprehensive guide to the year-end closing process in Frontier ERP. This includes:
- Finalizing all financial transactions for 2024
- Ensuring all journal entries are posted
- Conducting final reviews and reconciliations
- Closing the books for the fiscal year
- Generating year-end financial statements and reports
7. Common Questions, Issues, and Concerns: Our webinar will also address FAQs our helpdesk encounters during this time of year. Topics will include:
- Resolving discrepancies during physical inventory
- Handling unrecorded transactions and adjustments
- Troubleshooting fiscal period setup errors
- Managing last-minute 1099 corrections
- Ensuring all journal entries are posted before closing the books
- Addressing any issues that may arise during year-end closing
Our experts will provide answers and practical solutions to help you confidently navigate the year-end process.
Register Now!
Don’t miss this opportunity to gain valuable insights and ensure a smooth year-end transition with Frontier ERP. Whether a seasoned user or a new hire, you’ll leave with the knowledge required to tackle year-end tasks without breaking a sweat. Can’t attend? Register and we’ll send you the webinar recording link so you won’t miss any of the valuable insights.
Date: December 5, 2024
Time: 10 AM PT / 11 AM MT / 12 PM CT / 1 PM ET
We look forward to seeing you there and helping you kick off 2025 confidently and clearly!
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