You need to find out if the accountant wants the year end button pressed or not.
I have one that likes it pressed and finished off and a TB brought forward after the button has been pressed and one that likes the year end button left undone until all the journals are processed on the last day of the year and then he tells me when to close it.
So you possibly need to ask the question.
Have you got a book on Sage to tell you how to close off year end? First thing you need to do is print out Aged Debtors, Creditors, TB, Bal sh, and a few other reports from memory. And most importantly take 2 back ups before you do the year end, as you can not change it once its done if you have forgotten to do something, other than restoring the back up.
I would have to open mine up, but I am only on instants, Sage 50 may be slightly different, to guide you through year end.
PPost on here what version you are on and if its instants or not.
2. Run off summary and detailed aged debtors and creditors reports
3. Run off trial balance
4. Run off nominal ledger for year
5. Run off balance sheet and profit and loss
Process of how to do year end close down should be in the help screen.
From accountants viewpoint doesnt really matter if you close off or not. If you do close down then they will want the back up before you close down and balance forward to new year. If any adjustments are required to the accounts after you have closed down then i tend to process journals as last date of the previous financial year so they correct the brought forward trial balance, balance sheet, P&L. Care has to be taken if there is any adjustments needed to debtor or creditor balances. If you dont know how to sort would get accountant to come and process for you.
Please forgive this question NA AA, but are you a bookkeeper or a business owner? My response could be quite different depending on your level of knowledge/understanding.
It might be wise to spend a couple of hours with someone (a bookkeeper/accountant) in your area who works with Sage. There are quite a few checks I would recommend before hitting 'the button', for example, have you reconciled all of the balance sheet accounts, not just the bank account?
