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How to extend the financial year in Sage 200 Professional

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In Sage 200 Professional, it's easy to extend your current financial year by a set number of periods when required. This article provides an example of how to make the required amendments via the Accounting Periods feature within the software.



In this example, the current financial year is set to end on 31 December. Changes in the business mean that for this year, the financial year needs be extended by two months. This means that the year will now end on 29 February, rather than the current date of 31 December.

Remove future dates

At present, the months of January and February are periods in the Future Financial Year. These need to be removed before they can be added to the current year.

  1. Select Accounting Periods > Maintain Accounting Periods.
  2. Select the Future Financial Years tab.
  3. Highlight the period you wish to remove then select Delete Period...
  4. Select Yes when asked to confirm you wish to delete the account period ending on the relevant date.

    NOTE: This may take several minutes depending on the size of the database.

  5. Repeat this step until the desired number of periods have been removed.
Add dates to the current year

NOTE: The first period added should be the period that will represent your new year end date. Here, we will be adding February first and then January.

  1. Select the This Financial Year tab.
  2. Select Add New Period...
  3. Enter the end date of the final period you wish to add to the current financial year. In this example, the end date would be 29/02/20xx. Select OK.
  4. When presented with the prompt below, select Yes.


    NOTE: This may take several minutes depending on the size of the database.

  5. Repeat the process for the desired number of periods before the new year end date. In this example, another period with an end date of 31/01/20xx needs to be added.