Perform all tasks in your current company data folder unless directed otherwise.
p Review the Recommended Timeline of Year-End Tasks. How?
p Read about the fiscal year-end processes. How?
p Make a backup copy of your Sage 100 Contractor data, and verify it. How? Watch it
p Log on to Sage 100 Contractor as Supervisor, and select the Open company exclusively
check box.
p When you are ready, change the default posting period from 12 to 1 of the new fiscal year.
When you change your default posting period to 1 of the new fiscal year, all periods from the old
and new fiscal year will be available until you complete the Archive Fiscal Year process.
How? Watch it
p Use Manage Period Availability in 1-6 to lock the periods you do not want anyone to post
transactions to. Example: Lock periods 1 - 11 of last fiscal year. Leave period 12 open to
make year-end adjustments as needed. How?
p Log out so that you no longer have exclusive access.
p Remember to WAIT to archive your fiscal year, until after all adjustments and corrections for the
old year, as recommended by your tax advisor, have been entered and posted. How?