Before creating a new year

Sage ERP Accpac General Ledger 6.0

Before Creating a New Year

  • Use the Fiscal Calendar form in Common Services to define the new year and to ensure that the closing period is unlocked.

  • Make sure you have entered the correct default closing account on the G/L Options form.

  • If you close by segments, be sure to specify the retained earnings accounts for each segment code on the Segment Codes form.

  • Back up your data.

You may also wish to

  • Enter and post all outstanding transactions for the year that is ending. If you import batches, import and post the batches you need for the year.

  • Print and clear outstanding posting journals.

  • Print financial statements.

  • Print any other reports and listings you need for your audit trail and other records.