Sage has created a Year End Center that provides valuable resources that can help guide you through a smooth year end closing process in Sage 300 including:
Checklists are great for helping you keep things on track and to ensure processes are executed in the right sequence. Here’s how to access year end processing checklists that are built right into Sage 300:
For companies running the Sage payroll module, here are answers to a few frequently-asked questions along with some helpful instructional videos to help prepare for year end.
You never close the year. Continue processing payrolls as you do all year long, entering period-end dates in the new year as you cross the calendar year boundary. After you have completed all of the previous year’s year-end processing and made backup copies of the data, you can run Delete Inactive Records to remove terminated employees and other obsolete information from your data.
Yes. The program allows you to start processing payrolls for Jan 1 and later produce W-2s/T4s for the previous year without any additional procedures. When you produce W-2s/T4s, select previous year as the Payment Year.
No. You can print the W-2 forms or T-4 slips as many times as you need.
Contact us if you have questions or need assistance with your year end closing.