The Sage Month End Procedure

Preparing for your Month End (Step 1 of 3)

1.   Ensure that you have posted all transactions for the current period.

2.   Ensure that you have set up and processed any recurring entries required for this period.

Click here  to open the Recurring Entries option.

3.   Ensure you have set up any prepayments required for Month End processing.

Click here  to open the Prepayments option.

4.   Ensure you have set up any accruals required for Month End processing.

Click here  to open the Accruals option.

5.   Ensure that depreciation has been set up for Month End Processing.

Click here  to open the Fixed Assets Register.

6.   (Optional) Reconcile ALL bank accounts to your bank statements.

Click here  to open the Bank Reconciliation option.

7.   Post your monthly product journals for your Profit and Loss and Balance Sheet.

Click here  to open the Opening & Closing Stock wizard or,

Click here  to open the Nominal Ledger Journals option.