Sage 500 ERP Year-end resources

Welcome to year-end and peak season training. The below links are designed to help you prepare for this busy time. 

Year-end blog posts:

Fiscal Calendar, Fiscal Periods and Year-End Procedure

Process Physical Inventory using Data Porter

Help with physical counts

Year-end processes:

How to process period-end closing or year-end closing in Sage 500 ERP - ID 34407

How to change General Ledger fiscal or calendar year structure - ID 19444

How to re-open or post to a prior period - ID 19410

How to create or modify the fiscal calendar - ID 42840

Year-end tax forms:

What are the requirements for the 2016 1099 Updates - ID 79509

How to print IRS tax form 1096 - ID 58516

How to edit 1099 payment data - ID 20132

Sage Knowledgebase commonly used articles:

How to print or eFile 1099 forms  for year 2016 in Sage 500 - ID 80531

How to recalculate general ledger history and beginning balances - ID 17664

How retained earnings are updated during period end processing - ID 19198

How to set up the inventory calendar - ID 55208

How to enter budgets in Sage 500 - ID 77131

Who do I call for support on 1099 processing for year 2016? - ID 80570

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How to install and uninstall 1099 updates for year 2016 - ID 80522


Watch year end videos:

Overview of Period and Year End Processes (US)

Preparing to close accounts receivables

Preparing to close accounts payables (US)

Preparing to close in general ledger

Preparing to close Inventory management

Sage University - training:

500E - Sage 500 ERP - Printing and eFiling 1099s: This Anytime Learning Package provides you with information about how to prepare 1099 forms for printing and eFiling. You will also learn how to set up eFiling, connect to Aatrix, and access 1099 history in Accounts Payable. Enroll now - this course will be offered at no charge through the end of March, 2017!

500E - Sage 500 ERP - Period and Year End: In these lessons learn how to successfully close periods and the fiscal year. Learn which modules to close first, which reports to print, and how to balance specific accounts to the general ledger. The modules covered include General Ledger, Accounts Receivable, Accounts Payable, Cash Management, Sales Order, Purchase Order, and Inventory Management 

  • RKL has also posted our annual Sage 500 Year-End Preparation webinar here: