Year End Closing Procedures

It’s that time of year again! Thanksgiving has just passed and its time to start planning for the end of year procedures.

Year end closing can be a little intimidating on the surface, so each year we publish a guide to year end procedures for Sage Master Builder to ease the concerns.

Sage has advised that the 2010 tax update will require you to be using Version 14 to get the latest payroll tax tables. If you haven’t upgraded to Sage Master Builder Version 14, call us and we can help you get upgraded.

Sage’s Technical Support no longer supports Master Builder versions earlier than 13, but our version 13 documents should work well with earlier versions.

Our Year End Closing Procedures documents can be found on the Downloads page of our website. Decide whether you need the Combined Closing document for December fiscal year end closings, or the Separate Closings document for closing payroll and 1099’s at the end of December and closing the fiscal year at some other time. Select which version of Sage Master Builder is appropriate for you. Right click on that link, select “Save Target As…” and decide where to save the file.

If you read through this document and follow it carefully, year end is easy! Consider practicing on a copy of your company on your local C: drive if you wish. Plan out the process with a calendar and you will find year end to be the least stressful part of this holiday season!

As always, don’t hesitate to call us if you have questions or concerns.