| | How many years can be open? |
| Resolution | - Sage 50–U.S. Edition allows two chronologically-ordered years to be open and active
- Typically the first open year occupies periods 1 through 12 and the second open year occupies periods 13 through 24
Example: If 2023 and 2024 are open years, periods 1-12 correspond to the months in 2023 and periods 13-24 correspond to the months in 2024 - To work in the next year, run the Year-End Wizard to close the first open year and open the next year
- Once a year is closed, you can view, but not edit or print, transactions from that year and print Financial Statements and General Ledger reports for that year
- If you need to access the closed year's data beyond this, you can restore a backup to a new company
- If you need to make changes to account balances in a closed year, you can do so with beginning balance adjustments by going to Maintain, Chart of Accounts, and clicking Beginning Balances
[BCB:161:Chat 50 US:ECB] |
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