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How to Add a New Fiscal Year to Sage 500 ERP

Written by Russ Griffith | Jan 14, 2025 6:30:00 PM

Want to learn more about the future of Sage 500 and what life looks like after migration?
Check out our blog series:

The Road Ahead for Sage 500
Life After Sage 500—What's Next?
Life After Sage 500—Why Now?
Life After Sage 500—We're Here to Help

Log into Sage 500 ERP and access the General LedgerMaintenanceGL Setup Set Up Fiscal Calendar

1-500Menu

Click the Add Year button

2-SetupFiscalCalendar

Key in the next Fiscal Year

Answer Yes to the prompt to calculate beginning balances for the new Fiscal Year

Verify the period dates are correct and make any necessary changes. Your new fiscal year is now created

Click the green finish button to save and exit.