Helpful resources, faqs, checklists and more.
Read our Sage 100 ERP Year-End Newsletter for information including Sage 100 year-end tips, frequently asked questions, resources, checklists, tax deadlines and much more!
4 Tips for a Successful Year End
- General Ledger Closing – While it’s a good idea to close modules in a timely fashion, your 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 2016 will NOT prevent you from entering transactions for the new year.
- 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. It’s a good idea to begin reconciling all of your payroll tax reports to the general ledger in early December. This gives you a chance to catch errors early and avoid filing an amended payroll tax return.
Note: All W-2’s and quarterly reports must be printed before payroll is closed in order to process the first payroll for 2017.
- 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
- Master Console – Once you’re actually 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 are using, the activity date, and more. From this screen, you can also broadcast a message to all users or even shut them down remotely. To launch the Master Console: Select File > Master Console.
We’ve compiled an extensive packet of Sage 100 ERP year-end checklists, closing procedures and FAQ’s related to your core modules including General Ledger, Accounts Payable, Accounts Receivable, and Payroll.
We hope these tips will assist you with a smooth year-end transition. If you have questions or need help with your year-end processing contact one of our software consultants for assistance.
Looking for more Sage 100 ERP Year-End Help? Attend our free Sage 100 ERP Year-end Tips & Tricks webinar on Wednesday, December 14th.