Calendar and Fiscal Year-End Services from Deltek Consulting

Closing your calendar and/or fiscal year requires a clear understanding of the sequence of many processes. It can be labor- and time-intensive and the same issues can follow you year to year.

Fortunately, companies can begin preparing for year-end success now.

Deltek Consulting draws on its extensive industry experience with a series of offerings designed to help your firm accomplish a complete, accurate and rapid year-end close:

 

  • Payroll
    Processing
  • Reconciliations
     
  • Allocations
     
  • Documentation
     
  • BPA
     

Payroll processing (calendar year)

Our year end payroll processing offering is designed to help with this task and ease the burden of processing the annual close out of one year and transition into the next year.

Our Consulting team can:

  • Assist you in closing the Leave and Payroll year successfully
  • Design your processing steps checklist for closing the Leave and Payroll year
  • Provide directions and training for adjustments to earnings and leave balances, post-close

Reconciliations

Year-end may require significant project ledger to general ledger reconciliation. In addition to assistance with reconciliation tasks, we can provide instruction on various toolkits and utilities, which help ensure your data is complete and correct.

Common reconciliation issues include:

  • Revenue in project reports not equal to GL revenue
  • Labor reports not equal to GL labor
  • SIE report not tying to financial statements
  • Unbilled balances not equal to GL Unbilled
  • Project Ledger not tying to GL or financial statements

Allocations

To ensure your allocations are ready for the new fiscal year, our Consulting team can assist with:

  • Setting up new fiscal year information in the fiscal years, accounting periods, and sub-periods screens
  • Cloning cost pools and calculating indirect rates in the new fiscal year
  • Establishing and testing any new pools
  • Entering target and provisional rates into the pool rates subtask
  • Reviewing and modifying the pool design given any org changes

Documentation

By providing checklists and written guidance, Deltek can help you document your year-end processes for future use and to prepare for audits.

Our Consulting team can develop:

  • Customized year- and month-end closing schedules
  • Desktop procedures to detail all steps and processes in your close
  • Desktop procedures for common processing, useful in audits and for on-going training

Business Productivity Assessment

A new fiscal year is often the best time to roll-out new processes or functionality – or to re-organize. Re-organizations will require assessments to allocations, projects and employees. A Business Productivity Assessment can help you re-align your Costpoint solution to meet new or changing requirements for the
coming year.

Each Business Productivity Assessment begins by developing an understanding of:

  • Project success criteria
  • Key business challenges and opportunities
  • Business processes currently supported by Costpoint
  • Capabilities of Costpoint that are currently not being utilized
  • Gaps where new or changed requirements are not being met
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Start Preparing Now

To learn more about any of these offerings, please contact us:


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