How to set up Short Years

• The following applies only to Sage Fixed Assets Lite Depreciation, Depreciation, and Depreciation Network. For Premier edition, see How to change the fiscal year end and/or accounting cycle in Premier
• Changing short years will change calculations under some Depreciation Methods. Back up the company before proceeding. See How to back up a company

In Sage Fixed Assets:

1. Go to: File, Edit Company.
2. Click Short Years tab.
3. Key the month and year (i.e. 09/2023) of the new fiscal year end in the next available short year.
4. Repeat for any additional short years in next available year (if applicable)

Note: If you calculated deprecation to a date in or after the new short year, you must run depreciation to a prior Fiscal Year end and then back to the current period to reflect changes to the calculation. See How to run Depreciation.

• Alternatively, you can run again for the current year using the Force recalculation option