The financial year-end process is one of the major processes in any of the Financial Software. In Sage 300 ERP (Sage Accpac ERP), users have to follow certain steps for smooth year-end processing as procedures are very crucial for accurate accounting. Sage 300 ERP provides a very easy to use and efficient year-end procedure, which can be completed by an Admin user.
Following steps will help admin users for year-end in Sage 300 ERP (GL, AP, AR, PO, OE, IC and PJC);
1. Run day end process from Inventory Control >> IC Periodic processing >> Day End process.
2. View all Open batches from General Ledger Module and verify the data for correctness.
3. Post open batches from General Ledger Module.
4. Then create New Fiscal calendar for New year from Common Services >> Fiscal calendar
This would complete the creation of fiscal calendar, which serves as a reference for the system for segregating entries in as per document and posting dates. Now let us look at the Current Fiscal Year changing procedure.
5. For creating New Year, navigate to General ledger >> GL periodic process >> Create New year and click on Process button. This would create a New Fiscal Year.
Note: It is advisable that before proceeding with above-discussed activity take database backup from Sage 300 ERP.
About us
Greytrix a globally recognized Premier Sage Gold Development Partner is a one stop solution provider for Sage ERP and Sage CRM needs. Being recognized and rewarded for multi-man years of experience, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third party add-on development and implementation expertise.
Greytrix offers unique GUMU™ integrated solutions of Sage 300 with Sage CRM, Salesforce.com and Magento eCommerce along with Sage 300 Migration from Sage 50 US, Sage 50 CA, Sage PRO, QuickBooks, Sage Business Vision and Sage Business Works. We also offer best-in-class Sage 300 customization and development services and integration service for applications such as POS | WMS | Payroll | Shipping System | Business Intelligence | eCommerce for Sage 300 ERP and in Sage 300c development services we offer services such as upgrades of older codes and screens to new web screens, newer integrations using sdata and web services to Sage business partners, end users and Sage PSG worldwide. Greytrix offers over 20+ Sage 300 productivity enhancing utilities that we can help you with such as GreyMatrix, Document Attachment, Document Numbering, Auto-Bank Reconciliation, Purchase Approval System, Three way PO matching, Bill of Lading and VAT for Middle East.
For more details on Sage 300 and 300c Services, please contact us at accpac@greytrix.com. We will be glad to assist you.