Level 1

Our church is closing. What is the best way to export our financial data and transactions for our records?

 
Level 9

Install

You should make sure that all transactions are added and reconciled first. Make sure there are no additional accounting transactions that will be processed after the official close date of your business. You can download your entire transaction journal into Excel if you would like. Also, you will want your annual and monthly financial reports on both a cash and accrual basis, it is best to have a pdf and Excel copy of these reports. You will also want to run an A/P and A/R Aging report, as well as a Statement of Cash Flows. Make sure that all of your Balance Sheet accounts are reconciled. If you close connected bank or credit card accounts, make sure they are reconciled to the closing balance.