Some transactions were dated from sept - Dec 2007. SHould be modify our financial year to Sept 2007? Please advise what to do. We set the financial year to January 2008. Do we need to change it to Sept 2007? How?
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Changing Financial Year
Changing Financial Year
We just implemented Sage Line 50 Accountant in our company. We set the financial year from Jan2008- Dec 2008. We also setup our own chart of accounts. We already entered some data into the system. We just found out recently that we need to input some transactions done last year 2007.
Some transactions were dated from sept - Dec 2007. SHould be modify our financial year to Sept 2007? Please advise what to do. We set the financial year to January 2008. Do we need to change it to Sept 2007? How?
Some transactions were dated from sept - Dec 2007. SHould be modify our financial year to Sept 2007? Please advise what to do. We set the financial year to January 2008. Do we need to change it to Sept 2007? How?
Financial Year
As for changing the financial year, this should be straightforward.
Settings/Financial Year and then change the beginning of the year.
However, it is not clear that you need to.
Last year's transactions should end up in the opening balances for this year. Ideally, you should have trial balance from the END of the last financial year which you would have input into Sage.
I suggest that you speak to your accountant/auditor and ask them how to treat these transactions.
John
Settings/Financial Year and then change the beginning of the year.
However, it is not clear that you need to.
Last year's transactions should end up in the opening balances for this year. Ideally, you should have trial balance from the END of the last financial year which you would have input into Sage.
I suggest that you speak to your accountant/auditor and ask them how to treat these transactions.
John
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brucedenney
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Accountant does not have the option to change year.
I suggest you ask you friendly local sage reseller to do it for you.
I suggest you ask you friendly local sage reseller to do it for you.
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