Just a quick question. I have taken over this new role and my predecessor has completed all postings for the last financial year. I now need to run the year end on sage. Do I need to run month end for mth 12 first then my year end?
It depends whether your predecessor set up procedures on Sage for prepayments, accruals and depreciation. The month end function is used to automatically post journals for these items. If your predecessor didn't use this function, then there's no reason to run the month end before running the year end.
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Pearce & Co - Chartered Accountant and Chartered Tax Adviser
