Skip to the main content.

 

FREE ASSESSMENT

StarShip

 


Paya Nuvei Logo 2

 

AvidXchange Logo USE

 

1 min read

How to make adjustments to Sage 100 ERP year-end-close

How to make adjustments to Sage 100 ERP year-end-close

Question:  Mike, we own Sage 100 ERP (formally MAS 90, MAS 200) we have closed the year and just received year-end adjustments from our CPA, how do we open up the previous year and make these adjustments?

Answer: Companies that normally close periods will need to open up the previous year and make a final adjusting Journal Entry. For example, if your current period is year 2012 period 4 and you want to make the adjustment as of 12/31/2011.

The first step is to go to Sage 100 ERP General Ledger>Setup>General Ledger Options. Write down what the current year and period are then change to year 2011 and period 12 and Accept.

Adjusting Invoice Entry

Second step make the Adjusting Journal Entries as of 12/31/2011 and post them.

Third step, go back to Sage 100 ERP General Ledger Options and reset the period back to the original date and Accept.

Adjusting Invoice  Entry adjustment 2 resized 600

Written by Mike Renner, Partner WAC Consulting, Owner at Computer Accounting Services

Mike is an expert on Sage 100 ERP with over 25 years in the accounting software industry. Mike is also a Sage Certified Trainer and a recognized leader in the design, implementation and support of ERP systems, including Sage.

Specialties

Sage 100 ERP (formally Sage MAS90/200), Sage 100 Fund Accounting (formally MIP Non Profit Software), Sage Grant Management, Sage Online Fundraising, QuickBooks Enterprise and Point of Sale VAR.

ERP Implementation Partner Selection Tips and eBook

ERP Implementation Partner Selection Tips and eBook

How to Find the Right ERP Implementation Partner Working with the right ERP implementation partner will be critical to the success of your ERP...

Read More
Are You Outgrowing Your ERP Manufacturing Software?

Are You Outgrowing Your ERP Manufacturing Software?

3 Tips for Finding the Best ERP Manufacturing Software for Your Business If your manufacturing company is outgrowing your software the search for...

Read More
5 Ways a New Manufacturing ERP Helps Your Business Grow

5 Ways a New Manufacturing ERP Helps Your Business Grow

Grow Your Business with a New Manufacturing ERP Solution The economy is constantly changing, and manufacturing companies have been hit hard by recent...

Read More