Month End/ Year end

Month End/ Year end

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Hi, I have just joined a company who are using sage program for long time. Since May 2008 they have not run month end /year end. How can i Update it or is there any steps should i follow. Do I need to make any adjustment or I will just simply follow the month end/ Year end by clicking next. (Note: My company do not use whole benefit of the sage. they do not do bank reconcilitaion, vat return done by the accountant not by using sage. Basically, they are using sage for sales and purchase and rest of the part is not so much updated)

There is also data size is too big which is 188000 splits. I want to reduce data size. Sage are working very slowly in our companys  network. Do you think if i do the month end/ Year end or reduce data size will be improved the performance ? Or any other advice please.................

Many Thanks

Abdur

Replies (5)

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By occca
07th Jul 2012 20:54

What version of Sage?

Is this Sage Line 50?

If so then I would run the year ends to bring the system up to date

I would then clear the audit trail up to a couple of years ago to get rid of some of the data

Make sure you back up and data check every step of the way

You will need to put the opening balances on from the accountant to get a balance sheet on the system, and the bank and VAT should really be done on the system

 

 

 

Thanks (1)
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By masud0174
07th Jul 2012 22:04

Month End/ Year end

Thanks for your reply. Yes I am using sage line 50

So, I do not need to run the month end for the time being and just do the year end till now. Is that correct ?

I have tried Clear audit trial in my backups. After clear audit trial it shows too many errors are found.

To clear audit trial, do i need to follow any steps or just choose a date upto couple of years ? As i mentined before , company previously did not maintain any bank reconciliation or vat return in sage.

Please advice..............

 

Many thanks

 

Abdur

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By occca
08th Jul 2012 07:48

Reply

You never need to month end Sage Line 50, unless you really want to

If you have tried to remove transaction before and there are problems it suggests that the data corrupts

What are the errors?

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By masud0174
08th Jul 2012 08:54

Thanks again. Yes, I have done the year end first then clear audit trial. It works perfect. No more error. Many thanks

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By masud0174
08th Jul 2012 10:47

How to transfer closing balance from last year to next year

Hi,

I am Using sage line 50. I have no previous experience of transferring closing balance from last year to this year. As my employer has not maintained sage properly in previous years, it need to be adjusted. After year end , if i get P&L and balance sheet from accountant, how to transfer it or what steps should i follow to see my balance sheet in my system.

 

Many Thanks

Abdur

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