Download the latest tax update from the customer portal.If you are upgrading from a previous version, make sure you are activating the latest version of the tax update. To produce government reports and to process payroll correctly, you must install and activate the current tax update. If you are running that version, please call us to plan your upgrade to a supported version. However, support for Version 5.5 ends on January 31, 2013. Note: you must have a current Sage Business Care plan to access and download the update.įor the January 2013 tax updates, Sage will support Sage 300 ERP Version 5.5 and higher. Due to the legislative tendency for last minute changes, Sage also will provide a second update on January 31, 2013. The JanuPayroll Tax Update, frequently referred to as the year-end PUP is expected to be available Decemfor download from the Sage Customer portal. Create and post all outstanding GL batches for a fiscal period before you lock it for GL.When locking Bank Services, also lock modules that integrate directly with it including AR, AP, and Payroll.Lock operations modules such as Order Entry and Inventory Control before financial modules (GL, AP, AR, etc.).Keep the following tips in mind when locking fiscal periods: The ability to lock fiscal periods was added in the 6.0 release. Using Period End Maintenance, delete prior-year fiscal sets, and reset batch numbers.Print and clear the Batch Status report and the posting journal generated when you created the new year.Run Create New Year to transfer balances in the income and expense accounts to retained earnings and enter opening balances for the new year.Print the Customer and Vendor Lists and customer and vendor statistics reports to verify the transfer of data to the previous fiscal year.Run Year End to reset batch numbers, clear activity statistics, recurring charge amounts, invoices paid and Days To Pay counter.Clear unneeded sales tax and purchase tax tracking information.Clear statistics, expired contract prices, and transaction history that you do not need to retain for drill-down purposes.Īccounts Receivable And Accounts Payable Modules.Post a reconciliation worksheet to adjust for any variances found in the inventory count.Clear transactions for closed contracts that you no longer need to keep.Clear unneeded statistics and sales history.If you would like a more hands on look watch our On-Demand Webinar: Sage 300 ERP Year End Closing Tips Be sure to finish Periodic Processing in all ledgers first, then perform year-end tasks in the following order. In this post we present a list of the steps and sequence of year-end activities in Sage 300 ERP (formerly Sage ERP Accpac) modules.
|
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
December 2022
Categories |