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Financial Year End Checklist

Created on  | Last modified on 


This guide is a simple, printable form that you can use to record your progress when running your year end in Sage 50cloud Accounts.


Year end dates

Financial year closing:
Date year end was run:

Before Year End

  Ensure all outstanding transactions are posted, including any adjustments from your accountant.

  If you normally run a month end, ensure you have done so.

  Print copies of management reports, for example Profit and Loss and Balance Sheet.

Year end process 

Click Tools, point to Period End, then click Year End.

  Check your data.

  Check your Chart of Accounts.

  Back up your data.

  Choose to create archive if required.

  Choose to set up budgets if required.

  Check the correct date is showing for the year you are closing.

  Enter a lock date if required.

    • Click Run Year End then click Yes and click OK.
    • Select how you want to output the report, click OK, then click OK again.

After the year end

  Click Settings and Financial year to check that the Financial year is correct for the new year.

  Check your brought forward Trial Balance.

  Check your data.

  Create another backup.

Optional post year end tasks

  Clear your audit trail.

  Clear your stock.

  Remove old records.

  Remove old invoices / orders.

  Compress your data.

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