Year end tasks

Information on the four tasks you need to follow during year end in Sage Accounting.

Prepare your bank reconciliation

You'll need to reconcile your bank transactions to make sure the transactions processed in Sage Accounting match those on your bank statement. Follow the steps to perform the final bank reconciliation.

Review and adjust your stock balances 

You'll need to check your stock and make changes, so Sage Accounting shows your actual year‑end figures. Follow the steps to confirm your stock adjustments.

Run your year‑end report checklist 

You'll need to generate and review key reports such as the Profit and Loss, Balance Sheet, and VAT returns. Follow the steps to generate financial reports.

Process your year end 

You'll need to create the new financial year (FY) and set a lockdown date. This carries balances forward and prevents changes to closed periods. Follow the steps to Processing year end.