If, like many businesses, September means the end of your financial year, we know this can be an extra busy time for you while you finalise figures and produce reports for the year.
In Sage 50cloud Accounts there are some handy features to help things run smoothly over your year end.
Post into the new year
Few people are ready to run their year end immediately. You may need a few days or even weeks before your postings for the old year are complete, so in Sage 50cloud Accounts you can post into your new year before you run the year end option. A warning message lets you know you're posting in a future year, but if you want to you can hide this. Read more >
Block postings to last year
Once you've done all of the work to finalise your figures and you've run the year end option, you don't want someone posting into the closed year and affecting your final balances. To avoid this, you can use the Lock Date feature to stop transactions being posted with a date before your year end. You can even set this per user, so for example, you or your accountant can still make prior year postings but others can't. Read more >
Help to tidy up your records
After running your year end it's also a good time to remove any older items you no longer need, for example, old transactions from previous years and old records that you no longer use. There are several tools to help you do this so you can start the new year without old records getting in the way. Don't worry, as long as you archive your data as part of your year end, you can still access the old information if you need to. Read more >