Whether it's your first time closing the books in Sage 500 ERP or you're an old veteran, here are a few things to keep in mind:
General Ledger Closing - While it's a good idea to close modules in a timely fashion, your General Ledger module can remain open for as long as you need while awaiting final processing in other modules or audit adjustments. A GL that's still open for 2012 will not prevent you from entering transactions in the new year.
Check Your Version Number - Proper closing procedures can vary depending on the version of Sage 500 ERP you're currently running. So be sure to check your version number and service pack before you begin year-end processing.
Backup Your Data - Remember to back up your data before starting any module closing procedures. The only way to "reverse" year end processing in Sage 500 ERP is to restore your data from a backup. In fact, it's a good idea to make two backups ... one before you start year-end processing and another after you've finished.
WE'RE HERE TO HELP - Be sure to Contact Us if you need assistance during this busy and important time of year.
This post is an article that appeared in our Sage 500 ERP newsletter for Year End 2012. To see all the articles in this newsletter issue, click the thumbnail image below.