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new company - accounting period longer than a year

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domwonguk

new company - accounting period longer than a year

Post by domwonguk » 12 Dec 2006, 10:14

Hi,

I'm using sage line 50 v12 on win xp.

Having troubles with setting my accounting period to be over a year. The company in question started trading mid december but the accounting period will run through to the 31st of december as it is a new company. However Sage is automatically setting the accounting period as one year exactly. I can either loose the beginning or the end of the year- neither of which is acceptable! :evil:
Is there any way to fix this or do I just need to treat this first period as two years?
Dom

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brucedenney
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Post by brucedenney » 16 Dec 2006, 11:52

Sage HAS to be a year, however, all is not lost...

You can run reports to include the brought forward balances so you can include everything befor ethe beggining of the year.

The alternative is to run accounts for two periods and then add them together manually. Or do a journal to move the earlier transactions into the curtrent year.

Search in the healp file for "To Extend your Financial Year" and you will find a fairly good description.
For just about anything Sage :- Discount subscriptions, pay-as-you-go support, application integration, reports, layouts, linked excel spreadsheets, analysis or any other help making life with sage easier/less time consuming Contact me.

domwonguk

Post by domwonguk » 18 Dec 2006, 15:42

thanks bruce :D

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