OVERVIEW
The entire year-end rollover process is now automated.
District users are presented with a list of the bank accounts and their status,
- Not Ready to Rollover,
- Ready to Rollover, and
- Rollover Complete.
Bank accounts that are ready to rollover can be rolled over individually or for all bank accounts.
The SchoolCash Accounting Year-End Rollover process is designed to do the following:
- Complete year-end financial statements and reports.
- Archive data for the school year.
- Assign opening balances for existing categories.
- List the transactions that have not cleared the bank by the date of the school year’s final reconciliation.
- Carry over any new transactions—that were entered after the year end rollover date—to the new fiscal school year.
The SchoolCash Accounting Year-End Rollover process consists of four parts:
1. Year-End Rollover Checklist: District users can select the option to generate a Checklist Report (download to Excel) that will list all the schools and bank accounts with outstanding items that would prohibit the rollover.
2. Reconcile Monthly Statement: The bank account reconciliation for the month of the year-end rollover will need to be completed. Tip: Reconcile to the actual year-end rollover date.
3. Year-End Rollover Automation: Users will be presented with the list of their bank accounts and their status.
4. Complete the rollover