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The Year End Checklist

Created on  | Last modified on 

Summary

The Year End Checklist for Sage Business cloud Accounting.

Description

Year End Check List

Resolution

 

Reconciling your company

1.     Reconciled your Banks and Credit cards

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Item Adjustments

1.     Stock (Item) Adjustments

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2.     Recording Inventory on Hand on your Balance Sheet
Note: This step is only required if you have not activated the Advanced Inventory module in your company

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Printing Year End Reports

1.     Printed the Trial Balance Report

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2.     Printed the Profit and Loss Report

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3.     Printed the Balance Sheet Report

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4.     Printed the Customer Balances – Days Outstanding Report

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5.     Printed the Supplier Balances – Days Outstanding Report

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6.     Printed the Item Valuation Report

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Performing the Year End

1.     Changed the Current Financial Year check box to the new financial year

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2.     Set a Lockdown date

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Please click here for the Year End FAQ's