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.