It’s that time of year where everyone will be focused on closing the books. No doubt, this process can be stressful so it’s important to provide some level of guidance. Sage 100 year end close procedures involve general guidelines and while ensuring all transactions are posted prior to closure of a module because one module will typically write data to another module. Protecting the integrity of your data is critical as each module is closed.
Critically Important: Prior to starting any module closing procedures, perform a data back-up. In Sage 100 ERP, the only way to reverse year-end processing is to restore your data from a back-up.
Below you’ll find a general guideline for the order in which modules can be closed.
- Bill of Materials*
- Work Order Processing*
- Purchase Order Processing
- Sales Order Processing
- Inventory Management
- Material Requirements Planning (MRP)*
- Payroll (Quarter-end processing)
- Accounts Receivable
- Accounts Payable
- Job Cost
- General Ledger
Note: Please be sure all transactions are posted before starting to close your module. There is no month end closing in the Bill of Materials, Work Order, and MRP, again just make sure all transactions are posted for these modules.
Contact us directly, if you use modules that aren’t listed above or have third-party add-on products or Sage Endorsed Solutions. We are here to help!