Process

Description

Calculate Depreciation

Available if the Enable Depreciation of Assets option is selected on the Administration > Settings > General Settings form. If this option is selected, the Fixed Asset Depreciation documents are generated according to the depreciation methods assigned to fixed assets.

Calculate Current Revenue for Deferrals

Available if the Enable Deferred Revenues option is selected on the Administration > Settings > General Settings form. If this option is selected, the Revenue Recognition document is generated for deferrals with the By Month and By Calendar Days calculation methods. The generated document lists the deferred revenues for which the specific amounts calculated by these methods should be recognized as actual revenues in the month to be closed. For more information, see Deferrals.

Calculate Current Expenses for Deferrals

Available if the Enable Deferred Expenses option is selected on the Administration > Settings > General Settings form. If this option is selected, the Expenses Recognition document is generated for deferrals with the By Month and By Calendar Days calculation methods. The generated document lists the deferred expenses for which the specific amounts calculated by these methods should be recognized as actual expenses in the current month. For more information, see Deferrals.

Calculate End-of-Service Benefits

Available if the Enable End-of-Service Benefits Calculation option is selected on the Administration > Settings > HR and Payroll form. If this option is selected, the End-of-Service Benefit Calculation documents are generated; each document lists the employees who are not listed in any EoSB document for which the Manual Processing option is selected. For more information, see Overview of End-of-Service Benefit Processing.

Calculate Exchange Rate Differences

If this option is selected, the system calculates the realized and unrealized gains and losses (exchange rate differences) due to fluctuations of exchange rates of foreign currencies with respect to the national currency. If the Calculate Exchange Rate Differences only on Month Closing option is selected on the Administration > Settings > Money form, the exchange rate differences will be calculated only during the month-end closing process. Otherwise, they will be calculated on posting of any new foreign-currency document and adjusted on the date of the month end. For more details on this calculation, refer to [ Overview of Calculation of Exchange Rate Differences.

Calculate Direct Costs

If this option is selected, the system calculates the weighted average costs of the ending inventory based on the inventory beginning balances and purchases during the period and then adjusts the costs of sold goods for each transaction recorded and posted during the period including customer returns. If the Production module is enabled, the average costs of finished goods are also calculated. For more details, refer to Overview of Cost Calculation.

Allocate Costs

Allocates specific amounts of overheads and revenues to the Profit and Loss accounts. Also if the Production module is enabled and appropriate cost allocation settings are defined, indirect costs are allocated to the work- in- progress and finished goods by using the available cost allocation methods. For details, refer to Overview of Allocations.

Calculate Actual Costs

If this option is selected, the system adjusts the costs of the inventory and finished goods based on the direct costs and allocated costs; recalculates the costs of sold goods and services for each transaction recorded and posted during the period. For more details, refer to Overview of Cost Calculation.

Calculate Vacation Days

Calculates vacation days available for the employees based on the vacation types and vacation settings in corresponding Employment Contracts. For details, refer to [ Overview of Vacation Processing.

Calculate Financial Result

Calculates the financial result, that is a profit or loss made by the company during the month taking into account the allocated amounts. The financial result is calculated as difference between revenues and expenses. For details, refer to Overview of Allocations.