Short Accounting Period
Posted: 29 May 2012, 08:39
Hi
I have Sage 50 Accounts Professional 2010 and need to change my accounting period for the current year. Our previous year end was 31st July, this year we are running a short period to 30th April 2012.
I have perused Sage's help on this topic and looked at their example. I understand I need to use the Change Financial Year option in Settings to change the start month, my question is, do I change this to May 2011 or May 2012? It would seem to make sense that I change the start date to May 2011 as I will then be able to run a Year End at 30th April 2012, but hope someone out there can confirm if this is correct before I completely mess up Sage.
Thanks
I have Sage 50 Accounts Professional 2010 and need to change my accounting period for the current year. Our previous year end was 31st July, this year we are running a short period to 30th April 2012.
I have perused Sage's help on this topic and looked at their example. I understand I need to use the Change Financial Year option in Settings to change the start month, my question is, do I change this to May 2011 or May 2012? It would seem to make sense that I change the start date to May 2011 as I will then be able to run a Year End at 30th April 2012, but hope someone out there can confirm if this is correct before I completely mess up Sage.
Thanks