Summary
How to process a year end when you're not using SQL in Sage 50cloud Pastel.
Description
A dataset can have up to 13 periods. Once you’ve reached this limit, you’ll need to process a year end to roll over to the new financial year.
CAUTION: Ensure you’ve performed the necessary year end preparation checks before attempting to run the year end assistant.
- Ensure everyone else logs out of the company
- Complete the year end on the server
- If you can't complete the year end on the server, copy the data locally onto the workstation
- Copy the company back onto the mapped drive where the server is and add the new company
- Remember to remove the company on the workstation and activate it from the server
Resolution
- Select Change and then Year End.
- Read the message and click Yes.
- If you set up the 13th period click Yes on the message.
- Choose if you want to Create a new company called or Don’t create a new company.
- If you choose the option Don’t create a new company, you won't be able to select any other options.
- If you choose Create new company called, you can choose to run the year end in the new company or not.
Creating a new company:
This option allows you to keep financial information for more than two years. This is because you create a new database every financial year.
- Click Create a new company called.
- Type in a new folder name.
- Now you can choose if you want to Run the Year End in the new company.
NOTE: If you select this option, the year end runs in the new company. If you don’t select this option, the year end runs in the company you currently have open.
- Click Next.
- You’ll get a message that the company has been created click OK.
- You’ll see a reminder to print your financial reports, click Next.
- You’ll see a screen telling you what the year end does.
- Click Next and then Process.
CAUTION: Don’t cancel the year end even if you get the program state 'Not Responding'. Depending on the data size, this process could take hours to complete. Ensure you have a backup.
When selecting Don’t create a new company:
- Click Don’t create a new company.
- Click Next and you'll be told to print your financial reports.
- Click Next and you'll be told what the year end does.
- If you haven't made a backup, you’ll be asked to do so.
- If you choose not to make a backup, the audit trail will record this.
- Click Next and then Process.