In this window the wizard asks you which open years you want to close. Depending on the available options, you can close either the displayed fiscal year, the displayed payroll tax year, or both the fiscal and the payroll tax years.
The window includes three option buttons:
Depending on your current accounting period and how your fiscal and payroll tax years are structured, not all of these options may be available. Sage 50 will always allow you to close only the appropriate year or years based on your accounting structure, so do not be concerned if all close options are not available to you at one time.
Note: If you have been working in Sage 50 for a number of years and have never closed a payroll tax year, the wizard will recommend that you close your fiscal and payroll tax years together. This will close more than one payroll tax year and bring your fiscal and payroll tax years in sync.
To select the desired close options, do the following:
Note:
When you select Next, the wizard
will determine if you have any purchases still waiting on bills from vendors.
If so, the Cannot Proceed
window will appear, telling you that you must go to the Purchases
window and clear the Waiting
on Bill from Vendor
check box for each of the purchases before you can continue with year-end
close.
If you don't have any outstanding purchases but you do have items such
as invoices and payroll checks that haven't been printed, you will see
the Unprinted Items window.
It will list all items that still need to be printed. At this point you
can select Cancel to close the
wizard and then print out these items, or you can select the Next
button to continue without printing
the items.