Year End process in Sage 300 ERP

By | February 27, 2013

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.

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