DUE TO A CHANGE IN PERSONNEL WE ARE IN A QUANDRY IN ORDER TO DO YEAR-END PROCESSING. WE HAVE FOUND THAT THE LAST MONTH CLOSED WAS JUNE, 2005. DO WE NEED TO CLOSE OUT EACH MONTH SEPARATELY BEFORE CLOSING Y/E? ENTRIES ARE CONTINUING TO BE MADE IN A/R, A/P, SALES ORDERS, ETC. USING OUR CURRENT ACCOUNTING DATE OF 02/06/06? HOW IS THIS AFFECTING THE G/L, WILL BE HAVE TO "BACK OUT" ALL RECORDED 2006 DATA? HELP!!!!
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MONTH-END AND YEAR-END CLOSING PROCEDURE
- Thread starter idscathy
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You should close each month before you do a year end. Sage MAS 90 will allow you to post to future years so you do not need to back out your 2006 data.
The purpose of month end close in all the modules is to calculate period totals. If you do not close your months the only real issue is that the various reports showing sales by months will be way off. Since you have not noticed it by now I doubt it will matter much in the future.
It really does not effect your GL. You can keep the GL open for up to 2 years and most people do keep it open that long so they can go back and post corrections.
I would get with your reseller and review the entire closing procedure.
It really does not effect your GL. You can keep the GL open for up to 2 years and most people do keep it open that long so they can go back and post corrections.
I would get with your reseller and review the entire closing procedure.
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