Don't forget to complete our end-of-year checklist to make sure your CERM software continues to work smoothly during 2023. To keep your CERM MIS from malfunctioning after the turn of the year, some procedures need to be carried out in different areas of the software.
1. Open a new financial year
The processing of invoices, costs and stock like material consumptions and time clockings are tied to financial years and specific periods that are defined according to your accounting. You need to create a new financial year and close the one that has ended.
2. Set calendars and define the working and non-working days
The 2023 calendar and the capacity of scheduling places needs to be checked in advance. Working and non-working days, like weekends or (company) holidays, should be configured correctly. This is the time to double check standard capacity of the scheduling places, to be defined at the standard week scheduling.
3. Determine hourly rates for job costing
To continue processing time clockings , the hourly rates for job costing for the new year must be set in advance. We advise not just to copy the previous hourly rates but to carefully check them first.
All mandatory actions are listed in this newsletter and are carefully explained at the CERM Academy course "Actions to do around new year", together with some additional tips & tricks on how to optimise your CERM MIS software before kicking off 2023.
Need help with setting up the CERM software? We are happy to help!
Get in touch with your CERM consultant or contact the CERM helpdesk.