Year End Closing Requirements

SAGE 100

(MAS 90/200)

Image by Puzzler4879 on Flickr

• Introduction

• Review Specific Module Requirements for Year End Close Processing• Completing operations• Year end closing steps

• Year End Payroll update requirements

• Questions and Answers

Agenda

Image by Caucas‘ on Flickr

Who Is The Attivo Group?

Attivo Means Improving Profits BUSINESS MANAGEMENT SOFTWARE SPECIALISTS

• Sage 100 Partner – Irvine, CA• 20+ years in business• Cloud hosting experts• Online backup and disaster recovery services• Specialty: Profit improvement through process

assessment & system optimization• Support services

ERP: Macola Distribution ProExact NavigatorCRM: Synergy

APPLICATION & SERVER SUPPORT

ATTIVO FULL VALUE SUPPORT

• Telephone, Email, Web Portal• Tech support plus day to day

questions & advice• User Training, Custom Reporting• Full system documentation• Quarterly billing – based on your

budget• Rollover minutes

Completing Operations• Sales Order – Post Invoices & Credit Memos• AR – Complete sales transactions & cash

receipts • PO–Complete Receipt of Good and Receipt of Invoice transactions.• Inventory – complete all movements

Completing Operations• Payroll – Complete the last payroll for

the year• AP – Complete all invoices, invoice

payment (checks) and postings.

Sequence of Period and Year End ClosingSalesOrder

AR

Payroll

Inventory

General Ledger

Purchase Order

AP

Sage 100 Makes it EasyAll period and year end processes are found within the Period End Menu of the module.

Sales Order

• Check the Sales Order options to ensure period and History Options are correct.

• Perform the Period end process.

Sales Order Options – History Tab

S/O Year End Processing

Purchase Order

• Check the Purchase Order options to ensure period and History Options are correct.

• Perform the Period end process.

Purchase Order Options - Main

P/O Options - History

P/O Year End Processing

Inventory

• Perform AR Year End Processing

Accounts Receivable

• Perform IM Year End Processing

Accounts Payable

• Perform AP Year End Processing

• 1099 Processing Considerations– 1099’s can be printed at any time by entering

the year desired

Payroll

• Copy Payroll Data to another (newly created) archive company.

• Perform quarter and year end processing.

• Perform W-2 Processing in backup company.

Payroll Company Backup

Payroll Year end Processing

General Ledger

• Check the General Ledger options to ensure period and History Options are correct.

• Perform the Year end process.

General Ledger Options - Main

General Ledger Options - Entry

G/L Year End Processing

Any Questions?¿tiene usted alguna pregunta

Haben Sie irgendwelche Fagen?Nani ka shitsumon wa arimasu ka?

Avete delle domande?

Thanks for Listening!

All participants will receive a copy of this presentation via email.

Please call us at 877-428-8486 for any additional help that you may need.