p Record and post all entries for the fiscal year. Review and correct rejected entries.
p Verify that all suspense type accounts have a zero balance. How?
p Print trial balance and other normal month-end reports, and verify that General Ledger is in balance. How?
p Reconcile other applications with General Ledger.
p Print financial statements.
p Make a backup of your entire database if you haven't already done so. How?
p Close the fiscal year in General Ledger. How?
p If needed, make adjusting entries for the prior fiscal year that you just closed. When doing so, close the entries to the prior fiscal year's retained earnings. How?
p Archive General Ledger data (optional). How?
© 2016 The Sage Group plc, its licensors or its affiliated companies. Sage, Sage logos, and Sage product and service names mentioned herein are the trademarks of The Sage Group plc, its licensors, or its affiliated companies. All other trademarks are the property of their respective owners. For more information, visit www.sage.com.
Community Terms of Service | Community Guidelines | General Data Protection Regulation (GDPR) | Community Help