Starting dates need to be established for setting up your company and entering data. Once you establish a starting date, Sage 50 will automatically set up monthly accounting periods for your first two fiscal years.
Usually, a company's fiscal year starts in January and ends in December. However, some companies start their fiscal year in July and end in June.
This date determines which payroll taxes should be used during payroll entry. If you do not intend to use payroll, enter the same date as your first fiscal year.