Year End Frequently Asked Questions (FAQ's)

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.