Year End Processing in Sage 100: 4 Tips for Success

General Ledger Closing

While it’s a good idea to close modules in a timely fashion, the General Ledger can remain open for as long as you need while awaiting final processing (or audit adjustments) in other modules. A GL that’s still open for 2019 will NOT prevent you from entering transactions for the new year. 

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Payroll Planning

Even if your company is on a fiscal year, you may need to close out payroll at the end of the calendar year. On older versions of Sage 100 Payroll, all W-2’s and quarterly reports must be printed before payroll is closed in order to process the first payroll for 2021.

NOTE: This does NOT apply to the new Payroll 2.0 module which allows two calendar years to be open so you don’t have to run year-end tax reports and W-2’s before processing payroll for 2021 (as was required with the old payroll module).

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Check Your Version Number

Closing procedures can vary depending on which version of Sage 100 you’re running. Here are steps to identify both your version number and service pack: 

Select Help > About Sage 100

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Master Console

Once you’re ready to close, you need to make sure all users are out of the system. That’s where the Master Console comes in handy. This utility provides a snapshot of all users currently logged into Sage 100, the workstation being used, what programs/tasks they’re using, and more. You can also broadcast a message to all users or even shut them down remotely.

To launch the Master Console:
Select File > Master Console

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Contact us if you have questions about Sage 100 or Sage 100cloud year end processing.

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