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Sage 100 Year End Tips

By MeLinda Matsumoto on Dec 27, 2018 at 12:53 PM in Sage 100cloud Newsletter

Sage 100 Year End Tips

4 Tips for a Successful Sage 100cloud Year End Closing Process

Here are just a few tips to keep in mind as you begin year end processing in Sage 100.

  1. General Ledger Closing- While it’s a good idea to close modules in a timely fashion, the General Ledger can remain open for as long as you need while awaiting final processing (or audit adjustments) in other modules. A GL that’s still open for 2018 will NOT prevent you from entering transactions for the new year.
  1. Payroll Planning- Even if your company is on a fiscal year, you’ll need to close out payroll at the end of the calendar year. All W-2’s and quarterly reports must be printed before payroll is closed in order to process the first payroll for 2019.

NOTE: This does NOT apply to the new Payroll 2.0 which now allows two calendar years to be open so you don't have to run year-end tax reports and W-2's before processing payroll for 2018.

  1. Check Your Version Number- Closing procedures can vary depending on which version of Sage 100 you’re currently running.For Version 4.0 or above, do the    following to identify both your version number and service pack:

 Select Help >About Sage 100

  1. Master Console - Once you’re ready to close, you need to make sure all users are out of the system. That’s where the Master Console comes in handy. This utility provides a snapshot of all users currently logged into Sage 100, the workstation being used, what programs/tasks they’re using, and more. You can also broadcast a message to all users or even shut them down remotely.

To launch the Master Console:

Select File > Master Console

For questions or help with Sage 100 Year End,
contact us.

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