Sage City Community
Sage City Community
  • Community Help
  • Cancel
  • User
  • Site
  • Search
  • User

Sage 300 Construction & Real Estate Year-end Center (CA/US)
United States
Sage 300 Construction & Real Estate Year-end Center (CA/US)
Sage 300 Construction and Real Estate Articles U.S. General Ledger Year-end Checklist
  • Support home
  • More
  • Cancel
  • Ask a question
  • Home: Sage 300 Construction and Real Estate Year-end articles
  • -Year-end Checklists
    • +Canada Sage 300 Construction and Real Estate Checklists
    • -US Sage 300 Construction and Real Estate Checklists
      • U.S. Accounts Payable Year-end Checklist
      • U.S. General Ledger Year-end Checklist
      • U.S. Payroll Year-end Checklist
      • U.S. Property Management Year-end Checklist
      • U.S. Year-end Checklists for other applications
  • Payroll
  • Product and Tax Updates
  • +Reports and Tax Forms
  • Year-end activities
  • Acts & Legislations

U.S. General Ledger Year-end Checklist

p Record and post all entries for the fiscal year. Review and correct rejected entries.

p Verify that all suspense type accounts have a zero balance.   How?

p Print trial balance and other normal month-end reports, and verify that General Ledger is in
       balance.   How?

p Reconcile other applications with General Ledger.

p Print financial statements.

p Make a backup of your entire database, if you haven't already done so.   How?

p Close the fiscal year in General Ledger.   How?

p If needed, make adjusting entries for the prior fiscal year that you just closed. When doing so,
       close the entries to the prior fiscal year's retained earnings.   How? 

p Archive General Ledger data (optional).   How?

  • general ledger
  • U.S.
  • year-end
  • checklist
  • Share
  • History
  • More
  • Cancel
Recommended
Sage
Africa & Middle East Australia Canada France Portugal Spain United Kingdom & Ireland United States Global Solutions
  • facebook
  • instagram
  • linkedin
  • youtube
COMMUNITY
  • Community Help
  • Site help
  • Site map
COMPANY
  • Overview
  • About us
  • Careers
  • News
  • Sage events
  • Investors
  • Sage Foundation
PARTNERS
  • Sage Partner Program
  • Partner Hub
  • Developers & ISVs
  • Sage Marketplace
SUPPORT & TRAINING
  • Contact Support
  • Sage Knowledgebase
  • Sage University
  • Sage Advice Blog
  • © Sage Group plc 2022
  • Privacy
  • Cookies
  • Community guidelines
  • General data protection regulation