Is the end of your financial year fast approaching? This can seem like an overwhelming task to some, however, to make this process as easy and stress-free as possible, we have compiled a list of preparation steps. Follow this Sage 200 guide, and feel free to bookmark it for future reference.
Year-end is the act of closing a financial year and opening a new one for the coming year. The process will also roll up your P&L Nominal Transactions to your Retained Profit/Loss in the Balance Sheet. Some companies align their year-end with January to December, others align with the tax year in April, but there is no rule as to when you can start and end your financial year.
You need to ensure your accounts are up to date and get any information you need for statutory submissions.
We have a wealth of knowledge around ERP software, Sage 200 is our speciality, all of our support staff have worked with Sage products for years and are Sage accredited. Should you require any further support or wish to review your existing Sage 200 support provider get in touch with us and we can have a chat!