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Knowledge BaseEnd of Financial Year Procedure in LEAP Web - Client Accounting
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End of Financial Year Procedure in LEAP Web - Client Accounting

  • 10/01/2025
  • Knowledge

How To

The End of Financial Year process for Client Accounting includes the following tasks:

  1. Reconcile your Client Funds Account

  2. Performing a End of Month Procedure.

 
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Now is a good time to review the Client Funds Trial Balance and Matters Financial Summary to ensure you are not holding monies in Client Funds for invoices you have already issued to your clients.

SRA regulations state that Client Funds held for the payment of an Invoice that has been properly issued to your client, cannot be held for longer than 14 days since Invoice Date. Once you have completed the above tasks, you’ll be able to enter transactions for the new financial year.

Last Modified Date
10/01/2025 4:28 am
Title
End of Financial Year Procedure in LEAP Web - Client Accounting
URL Name
End-of-financial-year-in-LEAP-Web-Trust-Accounting

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End of Financial Year Procedure in LEAP Web - Client Accounting