End of Period Process Changes to Automatic Period Cost Process
In this section we will discuss How End of Period is handled on Fleet360 versus the Classic RTA system.
To see what is handled in Fleet360 if the Switch is turned on. Refer to Period Costs
Important Notes:
With the Automate Monthly Fixed Costs Toggle turned on in Fleet360 you are forced to use a 12 months per year
You cannot do odd ball cycles like a 13 months, Quarterly or By-Annually because we have to calculate against a static 12 month time frame
The Fleet360 process will not reset any of the main “Bucket Data” that you will find in the Classic RTA. So if you still use that data for reporting you must also run the End of Month Process on the Classic side to accomplish the Bucket Date Resets (If you use that data in reporting)
However with Fleet360 Automate Monthly Fixed Costs turned on the Classic RTA Program will ignore the processes that are done on the Fleet360 side. That way if it is run in Fleet360 you are not accidently processing things twice
If the Automate Monthly Fixed Costs is on in Fleet360. Then the Web side takes over control of the processes described earlier. While the Classic RTA only touches the extended processes needed for the Bucket Data reset in Classic.
If the Automate Monthly Fixed Costs is not turned on in Fleet360 then the Classic RTA does all the processes on the Classic side
The EOP Process can be managed at the Global Level under the Admin Main Menu under the Company Info sub-menu
Refer to the End of Period Process in Classic RTA for the Closing procedures