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How to Add a New Fiscal Year to Sage 500 ERP

Log into Sage 500 ERP and access the General LedgerMaintenanceGL Setup Set Up Fiscal Calendar

Sage 500 ERP General Ledger Menu

Click the Add Year button

Sage 500 ERP Set Up Fiscal Calendar Screen

Key in the next Fiscal Year

Sage 500 ERP Add Year Screen

Answer Yes to the prompt to calculate beginning balances for the new Fiscal Year

Sage 500 ERP Fiscal Year Prompt Screen

Verify the period dates are correct and make any necessary changes. Your new fiscal year is now created

Set Up Fiscal Calendar Screen

Click the green finish button to save and exit.

Cliff Horst

Written by Cliff Horst

Cliff Horst is the VP Application Support at RKL eSolutions with an expertise in SQL Server, Crystal Reports, Sage 500, Sage X3, and KnowledgeSync.