{"id":19244,"date":"2024-02-01T08:00:00","date_gmt":"2024-02-01T08:00:00","guid":{"rendered":"https:\/\/cim-software.co.uk\/support-newsletter-january-200-2024-copy\/"},"modified":"2024-04-25T08:54:31","modified_gmt":"2024-04-25T07:54:31","slug":"support-newsletter-february-200-2024","status":"publish","type":"post","link":"https:\/\/cim-software.co.uk\/support-newsletter-february-200-2024\/","title":{"rendered":"Support Newsletter – February 2024 – Sage 200"},"content":{"rendered":"\n
Welcome to the Support Newsletter for February where we will be offering advice on the Year End process as I suspect that most of you will be preparing for your Year End at the end of March. Please scroll to the bottom of the newsletter where we confirm our terms for backups and creating new datasets.<\/p>\n\n\n\n
Have you ever wondered who is on the Support Desk at CIM? Scroll down to see the team, this month the spotlight is on Debbie, our Support Manager.<\/p>\n\n\n\n
Sage 200 Year End<\/strong><\/strong><\/strong><\/p>\n\n\n\n Below is an outline for running Year End which I hope you will find useful. I will also provide you with a link to join a webinar for processing Year End.<\/p>\n\n\n\n Before<\/strong><\/p>\n\n\n\n Note<\/em>: Transactions for the new year can continue to be posted in all ledgers, as Sage 200 is date sensitive; it retains transactions in the Nominal Ledger until the appropriate ledger period is reached.<\/p>\n\n\n\n Note<\/em>: You may want to check with your accountant or auditor which reports are required.<\/p>\n\n\n\n Running Year End<\/strong><\/p>\n\n\n\n Note:<\/em> Transactions for the new financial year will not appear in the Nominal Ledger until you open the accounting periods for that year.\u00a0 When you open the first period in the new financial year, all eligible transactions will be posted to that period, including any unposted transactions from the previous year.<\/p>\n\n\n\n Note<\/em>: Once this has completed, we recommend that you run the Nominal Ledger Account Maintenance option (Nominal Ledger > Period End Routines > Account Maintenance). This will archive or remove your previous years transactions, and updates the brought forward balance on your accounts.\u00a0 If you do not run Account Maintenance, the brought forward balance on your accounts will be updated the first time you run the Verify Data option in the new financial year.<\/p>\n\n\n\n After<\/strong><\/p>\n\n\n\n Note<\/em>: Take a backup of your Nominal Ledger data immediately after running the Year End routine and before you begin making postings in the new financial year. Also print a Trial Balance and check the account balances in the report before you starting entering transactions for the new financial year.<\/p>\n\n\n\n Once you have run the Year End routine you can only make postings that affect the last year balances using the Previous Year Journal Entry routine.<\/p>\n\n\n\n Entering Previous Year Journals<\/strong><\/strong><\/p>\n\n\n\n You may find that you need to enter a Previous Year Journal to make corrections to update the closed year\u2019s financial balances. Information on how to do this and enable the setting can be found here<\/a>.<\/p>\n\n\n\n Extending the Financial Year<\/strong><\/p>\n\n\n\n You may need to extend your financial year and this easily be achieved in Sage 200 by following this<\/a> guide.<\/p>\n\n\n\n Nominal Ledger Budgets with Original Budget. This report is based on the standard Summary Budgets report, but also shows a line for the original budget.<\/p>\n\n\n\n Please click here<\/a> for an example of the report.<\/p>\n\n\n\n If you would like this report added to your Sage200 software please let us know.<\/p>\n\n\n\n For a more detailed overview of our manufacturing software solution for Sage 200 Professional, download<\/a> our Cim200 brochure. You will find information on our Sage Enhancements and our new modules.<\/p>\n\n\n\n If you would like to arrange a demo of Cim200, please contact your account manager, Juuso Santti.<\/p>\n\n\n\n The Support Team at CIM is made up of five permanent members who collectively have over 50 years of experience supporting Sage 50 Accounts, Cim50 Manufacturing, Sage 200, Cim200 Manufacturing, Sage CRM and Swan software. We also provide support for third party add-ons, such as Draycir (Spindle), Eureka and Sicon.<\/p>\n\n\n\n\n
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Report of the Month<\/strong><\/h4>\n\n\n\n
Cim200<\/strong><\/h4>\n\n\n\n
Meet the Team<\/strong><\/strong><\/h4>\n\n\n\n