Extend year end date
Posted: 12 Sep 2007, 14:31
How do I extend a year end. You can alter the start date but I need to make it an 18 month period rather than the normal 12.
I lifted this from the Sage Help files;
Line 50 will only allow a 12 month financial year. However, after processing the first 12 months, you can use the Change Financial Year facility to move the financial year to the last 12 months of your year. You can then transfer the necessary information from what is now the brought forward period, into the current financial year.
For example, your first financial year runs from January 2004 to June 2005, which covers an 18-month period. Your subsequent financial year runs from July 2005 to June 2006 and so forth. When you installed your program you set the financial year start to January 2004 which means it will only run for 12 months up to the end of December 2004.
Using the above example, after processing the first 12 months (January 2004 - December 2004), you would have to change the financial start date to July 2004. This would mean the financial year would end June 2005.
John