In this window, the Sage 50 Year-End wizard lets you review the accounting periods in your current open fiscal year and next fiscal year. If you need to restructure your company's next fiscal year for tax purposes, you can change the date range of the accounting periods in that year. However, since Sage 50 automatically adjusts the dates of the accounting periods, it is generally not necessary to make changes to them yourself.
Important! There are rules governing changes to the date range of accounting periods. If in doubt, consult your accountant before making any changes.
- To see the date ranges of the current open fiscal year accounting periods, click Current Fiscal Year.
- To see the date ranges of the next fiscal year accounting periods, click Next Fiscal Year.
- To change the end dates of any of the displayed accounting periods, click the accounting period whose date you want to change.
- Either type in the new To date or click the Calendar button, and then select the new date from the drop-down calendar that appears.
- When finished, click Next to continue the year-end close process.
Sage 50 displays the Confirm Year-End Close window.
The table at the right side of the window shows the dates of each accounting period in the year. This display is read-only, meaning you can only review the dates, not change them.
The table at the right side of the window shows the dates of each accounting period in the year.
In the To column, the end date appears in the form DD/MM/YY, and a Calendar button appears next to the date.
When you change the To date, the From date in the next accounting period automatically changes also.