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Date settings FAQ - Accounting

Created on  | Last modified on 

Summary

In this article, you will learn about the date settings in Sage Business Cloud Accounting.

Resolution

When starting using your account, you need to set up your Dates from

  1. Settings 
  2. Business settings
  3. In the Financial Settings section, select Financial Settings (Fiscal Year & Accounting Method in the US) (From the menu More > Business Settings in Start version)

Year-End date and Lockdown date:

  • Year-End date must always be the day before the beginning of the current year.
  • You cannot edit, print, or create transactions before the Lockdown date.
  • Year-End dates will need to be manually changed as you perform your Fiscal Year End procedures 
  • The Year-End Lockdown date will not allow posting data prior to the date selected.

 

Accounts Start date:

  • Account Start Date is optional, however, must be given if using opening balances, and will be the day after the Opening balances About opening balances in Accounting
  • Accounts Start Date is the date of the first transaction posted, which can be retro dated.
  • Accounts Start Date cannot be set before the current Year-End Lockdown date (although the lockdown date changes after closing the financial years).
  • Account Start Date does not change year to year