- General Ledger Closing - While it’s a good idea to close modules in a timely fashion, your General Ledger can remain open for as long as you need while awaiting final processing in other modules (or audit adjustments). A GL that’s still open for 2017 will NOT prevent you from entering transactions for the new year.
- Payroll Planning - Even if your company is on a fiscal year, you’ll need to close out payroll at the end of the calendar year. It’s a good idea to begin reconciling all of your payroll tax reports to the general ledger in early December. This gives you a chance to catch errors early and avoid filing an amended payroll tax return. Note: All W-2’s and quarterly reports must be printed before processing the first payroll for 2018. Learn more about Payroll Period Close Procedures.
- Check Your Version Number - Closing procedures can vary depending on which version of Sage 100 you’re currently running. Contact us if you need help determining your version number.
- Get All the Answers - We’ve compiled an extensive packet of checklists, closing procedures, and FAQ’s related to your core modules including General Ledger, Accounts Payable, Accounts Receivable, and Payroll.
Have Questions or Need Help?
As you begin year end closing in Sage 100 and prepare to start fresh in 2018, be sure to contact us if you need assistance during this important time of year. As your software and technology partner, we’re always here to help.
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