The fourth step in the period closing is determining the work in progress value. Use the 'Order List Financial' to report production orders financially ready that no longer belong in work in progress. After determining the WIP value, make the transaction entry.

The second step in the period closure is updating all manual entries. Think of manual purchase and sales invoices, bank statements, cash transactions, and periodic items such as accrued assets and payroll journal entries.

Do you manage inventory? Then you need to determine the inventory value. This is the fifth step in the period closure. Evaluate if there is inventory that needs to be revalued based on the 'Inventory List at Reference Date.' After revaluing items, you make the transaction entry.

To gain insight into the payroll costs for the relevant period, you must book the payroll journal entry every month. Since this booking is almost the same every period, you use a 'fixed journal entry'. By using this template, you only need to check the amounts to be booked.

Het memoriaaldagboek wordt gebruikt voor overige (maandelijkse) journaalposten, zoals de loonjournaalpost, maar ook voor correctieboekingen. Memoriaal boeken is één van de vier handmatige financiële boekingen in MKG.