Sage 100 Year End Close Checklist

Step by step guidance when closing Sage 100 year end


Sage 100 Year End Close Checklist How to close Sage 100 year end with Step by Step Sage 100 year end closing procedures Discover an organized Sage 100 year end close checklist. Learn more about all the steps for period end processing in Sage 100. Request your period end processing checklist for Sage 100 and Sage 100 year end.

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Do you have questions on how to close periods or the year in Sage 100? Accounting Business Solutions by JCS Year-End Checklist can answer all your questions. It guides you through all aspects of your financial reporting process. When you’re running a small business, every minute counts, especially when the year-end draws closer. Perhaps, you’ve spent a lot of time trying to set up and understand your Sage 100, but you’re not making any headway. We know how it feels. JCS has a solution! Call +1-800-475-1047 for more information.

The newly released Sage 100 year end checklist provides actionable answers to common questions small and medium-sized businesses like yours have about preparing their Sage 100 Year-End. Because, it walks you through each step of the accounting process, enabling you to take care of your entire end-of-year financial reporting yourself.


From our staff to yours,

“We want you to know that we truly enjoyed working with you and are honored we are your business partner. You are a vital part of our growth and for that we are grateful.”

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Do you need help closing Sage 100?

Most U.S. small business owners across all the industries often have some questions regarding Sage 100 Year-End Close, including how long the process takes and if they can skip it. The recently launched checklist answers all these queries and more in an easy-to-understand manner, providing you practical guidance to stay on top of your books for the year-end close.


You can rely on the checklist to get through your financial and operational reporting quickly and efficiently as the year comes to a close, without overly depending on third-party expertise. Also, the accounting guide positions you to increase revenue, profitability, and efficiency in 2022 and beyond.


The checklist is suitable for your business regardless of the industry. You could use it as-is or adapt it to fit your specific needs. Kindly visit the company’s website to download your free copy.


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Alongside the checklist, the financial experts offer technical assistance, training, and sales resources for a wide range of small business accounting solutions, including QuickBooks, Sage Partner Cloud, Sage 50, Misys Manufacturing, and others. Their services are affordably priced, and you can expect the highest level of support from the company.


With the recently released checklist, JCS reaffirms its long-standing commitment to helping growing businesses streamline their reporting processes, improve financial and operational efficiency and stay on track. The customer-focused company aims to guarantee your 100% satisfaction with prompt and personalized services.


A company spokesperson stated: “By taking a few easy steps, small business owners can determine if their Sage 100 is set up properly and whether the transactions being recorded are affecting financials correctly. Our goal is to support them to prepare for the year-end and stay on top of their finances.”


Year End Checklist for Sage 100

Discover how to understand if your Sage 100 accounting in balance. Simple Step by Step instructions are below.

Sage 100 Year End Close Checklist for Period End – These are a few basic steps to help you determine if your Sage 100 is setup properly and if the transactions you are recording are correctly effecting your financials.

If you are using an accrual accounting method, follow these simple steps each month to confirm your key balances are ok and your financials statements are accurate.


Step 1. This report is what makes up your balance sheet and income statement

Print the General Ledger Trial Balance using the last day of month once all activity for the month has been entered.


Step 2. Have you reviewed this for collections and write offs?

Print the Customer Aged Receivables Report – a detail list of how much your customers owe your business.

The Accounts Receivable general ledger account balance found on the General Ledger Trial Balance should = the total amount due found on the Aged Receivables Report


Step 3. This report presents money you owe vendors

Print the Vendor Aged Payable Report – a detail list of how much you owe other businesses or individuals

The Accounts Payable general ledger account balance found on the General Ledger Trial Balance should = the total amount due found on the Aged Payable Report


Step 4. This report should represent stock you have on the shelf

Print the last page of the inventory valuation report – a detail list of the items you have in your warehouse and their value.

The Inventory general ledger account balance found in the General Ledger Trial Balance should = the total inventory valuation amount found on the Inventory Validation Report


Step 5. This is the gross wage for your staff

If your company calendar year is January to December, then print the year to date payroll earnings report or get it from your payroll service provider.

The Payroll Amounts for Salary and Wages Accounts found on the General Ledger Trial Balance should = The total YTD Gross on the Yearly Earnings Report


Step 6. Do you know how much available cash you have?

Perform your monthly bank reconciliation – when completed it should agree to the available cash balance in your checkbook.

The Cash Accounts general ledger balances found on the General Ledger Trial Balance should = the reconciled checkbook balance once the bank reconciliation has been completed.


Consider these items in the sage 100 year end close checklist at the end of the year

  • Write off bad debts
  • Close unwanted purchase orders
  • Close unwanted sales orders
  • Issue 1099’s to vendors
  • Print W2’s
  • PDF copies of YTD payroll reports
  • Perform a physical inventory count
  • Post asset depreciation
  • Consider online accounting software
  • And there may be more…


Sage 100 year end frequently asked questions

What if I am a cash based business?

Then the bank reconciliation is a critical step so you confirm all the money you are spending has been recorded and all the money you are being paid and have deposited has been recorded.

What else do I need to consider?

There may be many more steps that need to be completed each month. A month end checklist is important to help you make sure necessary tasks are being completed each month.

What if my accounting system is not in balance after I complete my month end close checklist?

If you find discrepancies on any of these steps it might be time to work with an accounting software consultant to find the root cause. Make corrections to how your system is setup and give counsel to how to properly record the transactions. Sage 100 Software Training. Learn more about Sage 100 Manufacturing.

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Request the Month End Close Checklist

Thank you for contacting Accounting Business Solutions by JCS! We are so glad you found us and look forward to establishing a long-lasting relationship with you. It is our goal to provide exceptional service and skills to obtain your goals. How may we help you? Providing sales, support and training for Sage, Intuit and Microsoft software. This information will help us have the right person. contact you. Once your request is received our admin person will provide you with a link to download your requested checklist via email.

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Sage 100 Year End Close Checklist How to close Sage 100 year end with Step by Step Sage 100 year end closing procedures Discover an organized Sage 100 year end close checklist. Learn more about all the steps for period end processing in Sage 100. Request your period end processing checklist for Sage 100 and Sage 100 year end.

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