Financial Year End Checklist
This guide is a simple, printable form that you can use to record your progress when running your year end in Sage 50 Accounts.
Описание
Year end dates
Before Year End
Ensure all outstanding transactions are posted, including any adjustments from your accountant.
If you normally run a month end, ensure you have done so.
Print copies of management reports, for example Profit and Loss and Balance Sheet.
Year end process
Click Tools , point to Period End , then click Year End .
Check your data.
Check your Chart of Accounts.
Back up your data.
Archive your data, if required.
Choose to set up budgets if required.
Check the correct date is showing for the year you are closing.
Enter a lock date if required.
- Click Run Year End then click Yes and click OK .
- Select how you want to output the report, click OK , then click OK again.
After the year end
Click Settings and Financial year to check that the Financial year is correct for the new year.
Check your brought forward Trial Balance.
Check your data.
Create another backup.
Optional post year end tasks
Clear your audit trail.
Clear your stock.
Remove old records.
Remove old invoices / orders.
Compress your data.
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