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Year end tasks

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Summary

The three main tasks in the year end process in Sage 50cloud Pastel.

Description

Complete your year end in three easy steps.

Prepare for the year end

Prepare for year end by checking data integrity, confirming your retained income account and open batches, printing the required reports, and creating a backup.
Optional steps include setting up a 13th period, doing a stock take, or running a currency revaluation.

Prepare for year end.

Run the year end assistant

How you run year end depends on whether you use POS or Debtors Manager with SQL. SQL users must follow a special process to avoid losing history, while others can run the standard year end.

Process year end.

Post year end checks

Check your financial periods and data integrity, activate the new company if needed, and release any held documents. If you use Metrofile, make sure they're backing up all company datasets. These steps ensure you ran the year end successfully.

Post year end.

TIP:

Use our year end checklist to track and tick off tasks as you complete them.

 

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