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Post to previous year after closing fiscal year

Created on  | Last modified on 

Summary

How to post transactions to the prior fiscal year after you've begun the new one in Sage 50 Accounting.

Resolution

After starting a new year

  • You can post transactions to the current fiscal year and one prior fiscal year
  • When posting to the prior year

Limitations

You can’t generate a  Payroll Cheque Run in the previous calendar year and must issue individual cheques. 

To prevent processing before a specific date:

  1. Log in as single-user mode and sysadmin.
  2. Go to Setup, Settings, Company, System.
  3. Enter a date in Don’t allow transactions dated before.
     NOTE: 
    The date must be the beginning of the previous fiscal year  
  4. Select OK.

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