Month end cut-off procedures

Month end cut-off procedures

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Can someone please provide me with standard procedures for month end cut off in relation to sales and purchases. How do you cut off for stock purchases recorded in the daybooks and stock delivered during the month end?

We currently use Sage Line 50 and the auditors are continuously complaining about cut off procedures not being applied at the month ends and the year end.

Any help on this matter is much appreciated.

Thanks

Syed

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