Tips for a successful year end!

It’s hard to believe, but Year End is right around the corner.  This means it’s time to begin thinking about closing the books.

4 things to consider as you begin closing the books on 2018.

Backup Your Data – I’ll say it again…backup your data

Executing a complete backup of your database is one of the most important things you can do before starting any closing process.  You should also test the backup to ensure it was performed successfully and the data is readable.

If you make a mistake, the only way to “reverse” year end processing is to restore data from a backup.

Follow the Module Closing Order

A year end process in one module often writes data to another related module.  Therefore, closing modules in the proper sequence is extremely important in order to avoid unexpected results or damage to your data.

Module Closing Order

  1. Bill of Materials
  2. Work Order Processing
  3. Bar Code
  4. Purchase Order Processing
  5. Sales Order Processing
  6. Inventory Management
  7. Material Requirements Planning (MRP)
  8. Timecard
  9. Electronic Reporting/Magnetic Data
  10. Payroll (Quarter-end processing)
  11. Accounts Receivable
  12. Accounts Payable
  13. Job Cost
  14. Bank Reconciliation
  15. General Ledger

Follow the Module Closing Checklists

Step-by-step checklists are available for most modules.  These checklists provide guidance on the sequence of detailed tasks and procedures that should be performed within each module.

Detailed checklists for each module can be accessed right from within the Sage 100 Help system.

Get Help When Needed!

Be sure to contact us if you have any questions before, during, or after you start year end processing. Especially if you have customizations or 3rd party add-on products that are integrated with Sage 100, we can help you plan a closing process for your specific system.

Attend DWD’s FREE Year-end Tips Webinar

We know year-end only comes around once a year, so it’s difficult to remember how to complete year-end processing.  If you could use a refresher, DWD is offering a free year-end tips webinar that will walk you through year-end processing.

We are offering the year-end webinar two separate times on Wednesday, December 12th.

Webinar Topics:

Part 1: Sage 100 Year End Closing

  • Reconcile Accounts Receivable, Accounts Payable, Inventory, Purchases Clearing, and General Ledger
  • Period End Processing

Part 2: Payroll Specific Year-End Closing

  • Generating Year-end Payroll Forms & Reports
  • Generating Payroll Forms & Reports both hard copy & Electronically using the E-Filing & Reporting Functionality

Visit our Events page to view more information and to register for the free webinar.

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