Working with FINANCIAL YEARS in MYCITO*

Financial years can be linked to the companies.

 

 

MYCITO* FINANCIAL YEAR Life Cycle

The following flow diagram illustrates the typical FINANCIAL YEAR life cycle inside MYCITO*.

 

1Financial YearCreate and manage the financial year.
2UpdateUpdate the financial year.
3JournalMake a journal entry on the financial year.
4Company StructureCreate and manage the company structure.
5CIPC LookupLookup the company information on CIPC.
6Fund StructureCreate and manage the fund structure.
7Upload RequirementsUpload the company financial year requirements.
8Qualify/ DisqualifyFlag company on the financial year as qualified or disqualified for funding.
9Package FundingCreate and manage funding packages.
10ReportsView reports associated with the financial year.

 

 

How To Create a Financial Year

Follow these steps to CREATE A FINANCIAL YEAR.

  1. Click in the SEARCH BOX.
  2. Enter the company name and click on the BINOCULARS.
  3. Click the VIEW icon to open the company profile.
  4. Click the MANAGE BUSINESS tool in the toolbar.
  5. Click the FINANCIAL YEARS tool in the toolbar.
  6. Open the NEW ENTRY form, complete the required fields and click SUBMIT.

How To Edit Financial Year

Follow these steps to EDIT the FINANCIAL YEAR.

  1. View your COMPANY.
  2. Click the MANAGE BUSINESS tool in the toolbar.
  3. Click on the FINANCIAL YEAR REPORT tool in the toolbar.
  4. Select the FINANCIAL YEAR by clicking on the BLUE FINANCIAL YEAR NUMBER.
  5. Click on the EDIT FINANCIAL YEAR tool in the toolbar.

How To Update Financial Year

Follow these steps to UPDATE FINANCIAL YEAR.

  1. View your COMPANY.
  2. Click the MANAGE BUSINESS tool in the toolbar.
  3. Click on the FINANCIAL YEAR REPORT tool in the toolbar.
  4. Select the FINANCIAL YEAR by clicking on the BLUE FINANCIAL YEAR NUMBER.
  5. Click on the UPDATE FINANCIAL Year tool in the toolbar.
  6. Complete the required fields and click SUBMIT.

How To Add Journal Entry

Follow these steps to ADD a JOURNAL ENTRY.

  1. View your COMPANY.
  2. Click the MANAGE BUSINESS tool in the toolbar.
  3. Click on the FINANCIAL YEAR REPORT tool in the toolbar.
  4. Select the FINANCIAL YEAR by clicking on the BLUE FINANCIAL YEAR NUMBER.
  5. Click on the UPDATE JOURNAL tool in the toolbar.
  6. Add a NEW ENTRY and click SUBMIT.

How To Company Structure

Follow these steps to create the COMPANY PROFILE.

  1. View your COMPANY.
  2. Click the MANAGE BUSINESS tool in the toolbar.
  3. Click on the FINANCIAL YEAR REPORT tool in the toolbar.
  4. Select the FINANCIAL YEAR by clicking on the BLUE FINANCIAL YEAR NUMBER.
  5. Click on the COMPANY STRUCTURE tool in the toolbar.
  6. Add a NEW ENTRY and click SUBMIT.

How To CIPC Lookup

Follow these steps to do a CIPC LOOKUP.

  1. View your COMPANY.
  2. Click the MANAGE BUSINESS tool in the toolbar.
  3. Click on the FINANCIAL YEAR REPORT tool in the toolbar.
  4. Select the FINANCIAL YEAR by clicking on the BLUE FINANCIAL YEAR NUMBER.
  5. Click on the CIPC LOOKUP tool in the toolbar.
  6. Follow the steps and click SUBMIT.

How To Fund Structure

Follow these steps to create the FUND STRUCTURE.

  1. View your COMPANY.
  2. Click the MANAGE BUSINESS tool in the toolbar.
  3. Click on the FINANCIAL YEAR REPORT tool in the toolbar.
  4. Select the FINANCIAL YEAR by clicking on the BLUE FINANCIAL YEAR NUMBER.
  5. Click on the FUND STRUCTURE tool in the toolbar.
  6. Add a NEW ENTRY and click SUBMIT.

How To Upload Requirements

Follow these steps to UPLOAD the REQUIREMENTS.

  1. View your COMPANY.
  2. Click the MANAGE BUSINESS tool in the toolbar.
  3. Click on the FINANCIAL YEAR REPORT tool in the toolbar.
  4. Select the FINANCIAL YEAR by clicking on the BLUE FINANCIAL YEAR NUMBER.

How To Qualify Funding

Follow these steps to flag the company for QUALIFY for FUNDING.


How To Disqualify for Funding

Follow these steps to flag the company for DISQUALIFY for FUNDING.


How To Package for Funding

Follow these steps to create a PACKAGE FOR FUNDING.



About MYCITO*

MYCITO* is quickly becoming a preferred CLOUD ERP SERVICE for SMMEs in South Africa. Locally designed, developed and supported with a pay as you go model, no infrastructure costs, monthly updates, guaranteed levels of service and more to fit your month-to-month requirements.

Why MYCITO*
  •  A Cloud ERP Service
  •  Expandable and Adaptable
  •  Locally Developed & Supported
  •  Low Monthly Fee Commitment
Email: support@mycitoapp.com
Phone: +27 (0)12 667 6905

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