Reverse the year end

Solution Properties

Solution ID:

200427112207795

Last Modified Date:

Wed Feb 26 13:47:54 UTC 2025

Taxonomy Path:

Case category//How do I...//year-end

Author:

[email protected]

Reverse the year end

Description

If you mistakenly ran the year end routine, or ran it multiple times, you need to undo its effects. There are a couple of options available to you.

Cause

Resolution

Option 1 - Restore a backup - Recommended

If you have a backup that you can restore without losing any work, do that. This option takes you back to the position you were in just before running the year end. Find out more about how to restore a backup.

If you've made many changes since the backup, and reprocessing them is impractical, a restore might not be feasible. If you don't want to reprocess any data, you should look at Option 2 below.

Option 2 - Reverse the year-end journals and change the financial year

First, reverse the year-end journals. Then, change the financial year start date to the correct one. This doesn't affect transactions posted since you did the year end.

Reverse the year-end journals

TIP: Clear any filters from your Nominal codes before running the report.

1. Run the Day Books: Nominal Ledger report to locate the posted year-end journals.

To run this report, click Nominal Codes, then click Reports, click Day books and run Day Books: Nominal Ledger

Run this report using the year-end date you want to change. All journal entries posted by the year-end process use the details of Ledger Year End. A screenshot of the Day Books report in Sage 50 Accounts.

2. Click Nominal codes then click Journal entry.

3. Enter each nominal code cleared at year end, and input the opposite transaction. For example, if you posted a Journal Debit (JD), enter the value in the Credit column.

Change the financial year

Create a backup.
Click Settings then click Financial Year and click Change.
Click Yes to the prompt about backups and check data.
Click Yes to the prompt about Nominal historical data.
Set the required financial year start month and year then click OK.
To confirm click Yes then click OK and click OK.

You can now run your year end again.

Steps to duplicate