You can still view and report on transactions in closed years, you just can't change them. You can apply payments to invoices in closed years because that doesn't actually change the invoice, it just links a payment to it.

Thank you so much. One more question please - Within Sage 50 reports that are in closed years, can you drill-down to the transaction, or is it only available via the 'Find Transaction' search?

You can drill down on reports or you can find and open transactions in the List windows by setting a custom date range.

With the exception of some limitations on payroll reporting in closed years, all of your transactions are accessible until you run the purge wizard. Purging is optional and most people only do it if they need to shrink the size of their data file.

You can drill down on reports or you can find and open transactions in the List windows by setting a custom date range.

With the exception of some limitations on payroll reporting in closed years, all of your transactions are accessible until you run the purge wizard. Purging is optional and most people only do it if they need to shrink the size of their data file.

Thank you so much for the confirmation and explanation.