Sage 100 ERP Year-End Newsletter

4 Tips for a Successful Year End

1. General Ledger Closing – While it’s a good idea to close modules in a timely fashion, your General Ledger can remain open for as long as you need while awaiting final processing in other modules (or audit adjustments). A GL that’s still open for 2013 will NOT prevent you from entering transactions for the new year.
2. Payroll Planning – Even if your company is on a fiscal year, you’ll need to close out payroll at the end of the calendar year. It’s a good idea to begin reconciling all of your payroll tax reports to the general ledger in early December. This gives you a chance to catch errors early and avoid filing an amended payroll tax return.
   Note: All W-2’s and quarterly reports must be printed before processing the first payroll for 2014.
3. Check Your Version Number – Closing procedures can vary depending on which version of Sage 100 ERP you’re currently running. For Version 4.0 or above, do the following to identify both your version number and service pack:  Select Help > About Sage 100 ERP
4. Get All the Answers – We’ve compiled an extensive packet of Sage 100 ERP year-end checklists, closing procedures and FAQ’s related to your core modules including General Ledger, Accounts Payable, Accounts Receivable, and Payroll.

We hope these tips will assist you with a smooth year-end transition.  If you have questions or need help with your year-end processing contact one of our software consultants for assistance.