by Kyle Zeigler, Sage Senior Certified Consultant
Your ‘to-do’ list
The beginning of the holiday season is fast approaching! Being prepared for year-end activities in your Sage 300 CRE software can help make your holidays the happiest. Some items for your “to-do” list might include:
1. Version upgrade
The only version supported at year-end will be Version 20 and this should be installed prior to 12/31/2020. Schedule with your consultant early!
2. Year-end update
Watch for an email from Sage during the last couple of weeks in December. Identify who receives those emails in your organization. Install only after upgrading to version 18.3.
3. Order 1099 and W2 forms if printing in-house
Be familiar with the correct forms to order — there are limitations (only 4-up for both, blank on the front; W2s must be pre-perforated). Or let Aatrix print and send your 1099 and W2 forms so you have more time for holiday shopping!
4. 1099 prep in Accounts Payable
Check the 1099 year in AP Settings to assess whether corrections will need to be made to 1099 totals for 2019 forms. Review and modify Vendor 1099 settings as needed.
Plan when to prepare and post your last payroll for 2019, including any bonus or supplemental checks that will be dated in 2019 and will use 2019 tax tables, when to download and update taxes, and when to begin processing the first payroll of 2020 with the new tax tables. Also, plan when to prepare and finalize W2s.
2. Accounts Payable
Plan when to prepare and finalize 1099s.
3. All other modules
Plan the timing for reconciling to GL, printing year-end reports, and closing the year for modules that have a Close Month and Close Year task. GL is typically closed last.
ETHOSystems is hosting FREE online classes! Choose from three dates:
Where to get more help:
- Sage City – Year End Center https://www.sagecity.com/support_communities/sage_construction_and_real_estate/sage300cre-yearend/
- Sage Knowledgebase (accessible from Sage Desktop)
- Sage Support – 800-551-8307
- ETHOSystems – 866-482-3400
As always, please let us know if we can assist you in any way.