Page 14 - Millennium U4F Brochure 2021

Provisional Year End
It is now possible to run year end in two modes: provisional or full, giving you greater control and flexibility over the process.
A full year end performs the following functions:
• Sum all the profit and loss accounts, posting the NET figure to retained earnings in the balance sheet.
• Post the closing balance sheet figures to the period 0 of the following year.
• Close the year of the year end being processed, preventing any further postings.
Provisional year end will perform all the processing of a full year end, but will not close the year being ended, allowing you to continue posting to that year.
Any subsequent year end processing will perform incremental postings for those applicable to the year being ended. These postings will have an input date greater
than the one specified for the last provisional year end.
Example: If your year end is 31st December, you can run the process before 31st January in provisional mode, so that your balance type reports will capture carried forward balances in period 0 when you run period end reports for period 1.
Undo Year End
You can now undo both provisional and full year ends. This will cancel all year end journals posted to the final (9999) period for the latest year in which a year end has been run,
and to the opening (0) period of the next year.
If a full year end is undone, the minimum year will be reset to the previous year. The Undo year end process undoes all the year ends that have been run in the selected year, not just the last year end process itself.
Example: If you undo the year 2019 in 2020 (having also run 2017 and 2018 year ends in 2020), it will undo all three years.
Browse Transaction Enhancements
Browse Transaction gives you a more powerful way to interrogate the database, using the metadata in a way that provides the same functionality as Browse Details.
With Browse Transactions, you can now:
• Restart, cancel and view the history of the workflow of a document.
• Copy a document.
• Drill into the Account Summary (as with Browse Details).
• Edit line comments in the Related Information Panel
• Raise corrective journals.
Company Master
You can now specify an address category on the Procurement tab to automate the selection of the ordering address in Procurement.
This overcomes a previous issue that meant it was only possible
to set one default address for a supplier record, which had to be set correctly for remittances. This new feature allows multiple default addresses based on the function module.
It also allows you to change the Actuals and Turnovers balance codes on the company master after documents have been posted in the company.
Intercompany Control Accounts
In the intercompany module, you can now add a customer or supplier to the control account specified in the destination and receiver masters - as well as to elements inserted