Specify the first period of your fiscal year
Answer the questions on this screen to set up your fiscal year.
- What is the start date of your fiscal year? This may already be filled out from your QuickBooks company information. If not, choose the month and year that will define the start of your company's fiscal year. Based on this date, Sage 50 will automatically set up your first two fiscal years.
- In the What is the first month you will be entering data? fields, select the month and year that you will start entering data in Sage 50. This date must be within the first two fiscal years set up from question one.
- What is the first year you will be entering payroll? You must also specify what your first payroll year should be. That is, if you plan to process paychecks for your employees in calendar year 2012, select 2012.