Project & Month End Workflow
This is the first step that must be completed to begin the month-end close.
What are projects?
This must be reconciled before AR can be completed.
What is the bank statement?
AR stands for this.
What is Accounts Receivable?
This module in Sage Intacct is used to enter bills from vendors.
What is the Accounts Payable Bill Entry screen?
Children of America has been serving families for over this many years.
What is 27 years?
This happens when a step in the workflow is skipped or performed out of ord
What is a delay or rework?
If a school’s bank is not uploaded, this step is delayed.
What is AR processing?
AR cannot begin until this preceding step is completed.
What is bank reconciliation?
This required document must be uploaded in Sage Intacct before a new vendor can be activated.
What is a W-9 form?
The core mission of Children of America is to support families through this foundational value.
What is providing a safe, nurturing, and educational environment?
Name the full month-end process in the correct order.
What is Projects → Bank Reconciliations → AR → Balance Sheet → Miscellaneous?
A difference between bank records and Intacct is known as this.
What is a variance?
The most common reason AR cannot be completed on time.
What is a payroll issue or variance?
Before submitting a payment, users must verify this field to ensure the correct expense account is used.
What is the GL (General Ledger) account field?
This reflects Children of America’s commitment to family support beyond just childcare services.
What is offering financial and physical assistance when needed?
This is the reason month-end must follow a strict sequence.
What is to maintain accuracy and prevent audit issues?
This process safeguards financial accuracy and prevents fraud.
What is bank reconciliation?
AR must be completed before moving into this financial stage.
What is balance sheet reconciliation?
This Sage Intacct feature prevents duplicate vendor payments by checking for matching invoice numbers and amounts.
What is the duplicate invoice detection control?
This organizational principle guides every decision to ensure family trust and regulatory compliance
What is ethical responsibility and integrity?
This strategy ensures each step of the month-end process is completed in order and on time with clear accountability.
What is establishing a structured workflow with defined ownership?
When an unreconciled variance is found, this is the next step.
What is escalation to management for resolution?
If a location does not require an AR reconciliation, its status is classified as this.
What is not applicable for the period?
This workflow step is required in Sage Intacct to finalize a vendor payment and send it for approval.
What is submitting the bill for approval through the AP approval workflow?
Children of America operates with the belief that every child deserves this key advantage in life.
What is a strong early educational foundation?