Choosing Yes will automatically update the Financial Year dates on Sage Accounting. Choosing No, will not automatically update it, however, you can change this at any time.
Updating the Financial Years (Year-End)
To complete the Year End and update the Financial Years, read the below instructions or alternatively watch the step by step video below.
To process your Year End follow the instructions below...
Click on the Company > Change Company Settings menu.
Select the General Settings option followed by the Financial Years option.
The following screen will be displayed:
Click on the plus button at the end of the row of the last financial year.
A new line is displayed with the next financial year:
Tick the Current Financial Year tick box for the new financial year.
Lockdown Date:
Setting a Lockdown Date means that no transaction can be processed or edited with a date up to and including this date.
Tick the tick box and enter the date when transactions cannot be processed (this date can be the last day of the previous year end).
Click on the Save button.
Once you clicked the Save button, the year end is completed.
