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  • About Us
    • Nick Setchell – RealTime CEO
    • Vistage & TEC WorkshopsNick Setchell has been working with Vistage, the world’s largest CEO organization, since 2001.
    • NewsSee what’s happening with RealTime CEO.
    • Economic Update Report
    • Contact UsReach out to us. If you’re interested in booking Nick to give a keynote address or workshop at your conference, please include the date and location.
  • Concepts
    • Fiscal Focus Financial Statement AnalysisUnlock the hidden numbers in your P&L and balance sheet to see how you’re performing in 11 vital metrics.
    • Should We? / Can We?View, in real time, the actual financial impact of the hundreds of business decisions your team makes every month.
    • 24 Month Rolling ForecastingBlend your trailing twelve months with a rolling 12-month forecast to get a complete financial picture of your business.
    • J Curve ManagementTrack the number of investments you’re undertaking, the 3 phases of each, and the 5 rules for managing them.
    • Return on Operations – ROOView your return on operations percentage — your ROO % — the most powerful number to measure business success.
    • CEO Performance AnalysisBenchmark your performance as a private-company CEO against others in your industry.
  • Resource Center
  • Blog
  • Login
  • SUBSCRIBE

How to update RTC after Year End Postings/Adjustments to your accounts

The data in RealTime CEO needs to accurately reflect your accounting system, so if year-end adjustments have been back-posted to your General Ledger, then the updated data will need to be reflected in RTC.

Towards financial year-end, load your monthly data into RealTime CEO when the accounts are complete, as you usually would.  That way, you can still report on the business progress and have your leadership conversations.

When EOY adjustments are made to your accounts in a month that has already been loaded into RTC:

  • If the adjustments are only for Depreciation or Inventory (materials), you do not need to reload any data. You can use the Prior Year Adjustments facility within the software.  This allows you to increase or decrease Depreciation or Materials in any period, and the system will adjust Fixed Assets or Inventory, and Retained Earnings. You can find this tool under Enter Data > Prior Period Adjustments.  See How to make adjustments to Depreciation and How to make adjustments to Materials/Inventory
  • If the adjustments relate to anything other than Depreciation or Inventory, you will need to reload from the month the adjustments were made.  Re-export your data, convert it to CSV’s, let RTC support (Email Support) know so we can clear the data, and you can reload it.  Any forecast assumptions that have been set up will be held in suspension and come back into play when the actual data has been entered up to the current actual month.


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