What's the recommended timeline for year-end tasks in Sage 100 Contractor?
Description
Version 26.1 and later can combine the oldest fiscal year and the oldest payroll year archiving using Archive Oldest Fiscal Year process.
To perform this action in Database Administration, the Fiscal year-end date must be December 31, similar to Payroll year-end.
Resolution
Steps for processing the year-end payroll and the general ledger tasks
▼4. Install the Year-End Update. Install the year-end update before:
- Closing the payroll year
- Archive the oldest payroll year
- Print tax forms and quarterly reports
- Process payroll checks for the new tax year
- Archive the oldest fiscal year
The year-end update can include program fixes affecting the year-end functions.
▼7. Advance the posting period. - If your fiscal year-end is 12/31, change your posting from period 12 to period 1 with 1-6 Period/Fiscal Year Management
- Repair any audit errors
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