Period-end checklists
Use these checklists to make sure your transaction details and audit trail records are kept up-to-date.
Daily and Monthly
The following list items are only recommendations, and you may want to add or remove tasks.
Monthly
- Check data integrity
- Back up your data
- Print monthly reports
- Compact your data to improve processing performance
End of a tax reporting period
The number of times per year that you pay your provincial government taxes varies by jurisdiction. Contact the government department to which you remit taxes if you need more information.
Year-End
Sage 50 Accountingmoves all amounts from the current year to the previous year. The end of the fiscal year may or may not occur at the same time as the end of the calendar year. It depends on how you have set up your business.