How to change the financial year start date set in Sage 50 Accounts. For more detailed information about the process of shortening or extending the financial year, refer to the following guides:
When you use the Financial Year option to change your financial year, the following values recalculate:
Nominal balances | The monthly balance on each nominal code recalculates based on the transactions on your audit trail. You can view these balances on the Details tab of each nominal record.
We'll retain the transactional history unless you run the Clear Audit Trail routine. |
Customer and supplier turnover | The year to date turnover figures for your customers and suppliers recalculates based on the transactions on your audit trail. You can view these balances on the Sales or Purchases tab of each customer or supplier record. |
Product monthly sales balances | The monthly sales balances on the product records recalculate based on your product transactions. You can view these balances on the Sales tab of each product record. |
TIP: Monthly balances don't calculate correctly up to this period if you clear the audit trail or stock transactions in the new financial year. This is because they're based on the transactions left.
Running a financial year change removes all prior year and budget values from the nominal codes. You can't produce prior year or budget reports without this information. However, it's possible to retain this information by exporting and importing the data. Use our How do I import data? article to do to this.