Summary
Description
Year End frequently asked questions
Resolution
Question | Solution |
Can I run my year end at a later date? | Yes, Sage Accounting is date based and not period based so your Year End can be run at any time. |
Can I process adjustments after I have completed my Year End? | Yes, Sage Accounting always allow you to process adjustments at any date. This may, however, require you to reopen a VAT period. |
If I lock my Financial year can I unlock it?
| Yes, you can unlock a Financial Year as long as you have the necessary permissions.
|
If I realise later that I have made errors am I able to correct them
| Yes, Sage Accounting always allow you to correct any errors which have been made. This may, however, require you to reopen a VAT period. |
If I run my Year End will users be able to change data
| No, users will not be able to edit or process any new transactions as long as the period has been locked (Set lockdown date) accordingly.
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Click here for the complete Year End Checklist.