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 year-end processes. Note that you will advance to the
new fiscal year without closing the old fiscal year. There is no Close Year task. How?
p Determine when to perform Archive Fiscal Year. DO NOT archive your old fiscal year data
immediately after advancing to period 1 of the new fiscal year. How?
p If you use Inventory, perform a 12-5 Inventory Audit and resolve errors. (Recommended but
not required.) How?
p Find and resolve any unprinted checks using the 2-5 General Journals report. How?
p Complete the entry of all transactions and corrections for the old fiscal year data, including
adjustments provided by your tax advisor.
p Verify and update job statuses. How? Watch it
p Perform a 1-6 Audit Books, and repair any errors. How? Watch it
p Print accounting reports for the old fiscal year, now, or at any time after this step.
p Backup and verify two copies of your Sage 100 Contractor data. How? Watch it
p Log on to Sage 100 Contractor as Supervisor, and select the Open company exclusively
check box.
p Perform Archive Fiscal Year in 1-6 Period and Fiscal Year Management. How? Watch it
p Log out of the current company so that you no longer have exclusive access.
p Create a backup of the archive company. How? Watch it
p Change security in the archive company by changing the rights of all user groups in 7-3-1
Security Groups to No for Save, Delete, Void, Change Period, and Print Checks.
(Recommended but not required.)