What year end functions must be done in Sage Accpac ERP?
A – The only required functions are to create a new Fiscal Calendar year in Common Services and to run the General Ledger Create New Year function. • Create a new year in the Fiscal Calendar under Common Services. • You do not have to close one year in the Accpac General Ledger before entering transactions into the new year’s subsidiary ledgers. As soon as the new year in the Fiscal Calendar is created, you can enter transactions in both years. The Fiscal Calendar is located under Common Services. To create a new year in the Fiscal Calendar, click on the New button next to Fiscal Year. The new Fiscal Year is created. Verify the Start and End dates then click Save and Close. • Before running the Create New Year Function in the General Ledger verify that each account in the Chart of Accounts is properly designated as a Balance Sheet or P&L account then backup your data. • Run the General Ledger Create New Year function which does the following: • Creates and posts a batch of transactions
