I have never run a Sage y/e before. If I run the whole thing will it automatically clear the b/f undistributed reserves a/c to the acc. p&l or do I have to do it manually first.
Any help appreciated.
Replies (4)
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Chart of Accounts
Sage will only clear nominal codes that appear in the Profit and Loss section of the Chart of Accounts, all other accounts remain as they were.
John
Take a backup and give it a go.
Everything marked as a P will be moved to the designated reserves account.
sage year end
As above the Chart of Accounts is the key tool. Before you start Year End routine, run a check CoA, to confirm 1. No missing N/L codes 2. All codes in right place. Finally, one thing I have found with latest versions of sage is the length of time pc takes to go through year end. Depending on number of entries it can take 10or more minutes. Also print out posting confirmation at end of procedure and new year's Brought Forward TB to confirm all N/L account codes in the right place
which version are you running?
If you are using sage 200 - we have a free guide to doing year end on Sage 200 - I have attached the link below!
http://www.itas.org.uk/get-a-free-step-by-step-sage-200-year-end-guide/
Hope this helps and good luck
Hannah