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Sage - help with changing end of year date please

Sage - help with changing end of year date please

We are trying to change the year end on Sage 50 2010 (V 16).  The client set it up originally as 1/1/10-31/12/10, however the year end (first) is actually 31/5/11.  Getting the figures for the accounts has been OK using 2 different periods but we are now trying to change the year end on sage to May and run a year end at this date (after running the Dec 10 year end).  All we seem to be able to do is keep to the Jan-Dec period.  Sage say they will change it for (of course) their fee which is never cheap but I can't believe this facility doesn't exist as it is a normal occurrence for companies surely.  Sage is not my area of expertise so any help gratefully received.

Thanks.

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By Old Greying Accountant
25th Nov 2011 11:46

If you run a year end at 31/12/2010 ...

... and then change the financial year to start June 2010 you should be OK.

However, if this is the first period, I wouldn't run a December 2010 year end, just change the year to start June 2010, it should then pick up June 2010 to May 2011 ok, all other entries will show as B/F in the details tab but at 31st May you will have the whole 17 month accounts in one set. If you want monthly accounts for Jan - May 2010 I assume you already have them, if not print and/or save them as a pdf before you make the change.

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25th Nov 2011 12:45

Change Financial Year

Not all versions of Sage 50 offer the facility to change the Financial Year withing the program.

If you go to Settings -> Financial Year and the Change button is either missing or greyed out, then you can't change the financial year and, whatever you do, it will always now run from January - December regardless of the date you try to run the year end so you will need to get it changed in the data itself

It is a service I offer at around half the price that Sage charge witha turnaround time of no more than a couple of hours...

John

www.leyburnsolutions.com

 

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