Sage 50 Year-End Guide > General Ledger Year-End Procedures > Audit reports and make adjustments (if needed)

Audit Reports and Make Adjustments (if Needed)

How Do I...

Usually in the last accounting period of a fiscal year you need to make adjusting entries. These might include the following:

Once the above adjustments have been made (if necessary), you are ready to begin closing the fiscal year. The type of adjustment required depends on where in Sage 50 the correction needs to be made.

Note: After you have made the necessary adjustments, reprint any affected reports so that you have a correct copy.

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