We’re all familiar with the first line of ‘Auld Lang Sine’. We hear it at New Year’s all over the world. Another thing we hear in Sage Support around this time of year has to do with payroll and payables. Often, companies have to create a payroll cheque for an employee, or create a payment cheque to a vendor, and post-date them to the following calendar year. With the 2014 version of Sage 50, you can now create a paycheque and post-date it to the next calendar year, even if you are still in 2013 as a session date. Just change the ‘cheque date’ to a date in 2014, and you will be able to post the payroll without advancing to your new year.

As for payments to vendors, you will still have to follow the procedures of previous years; you can make a copy of your company file, advance the year on that copy and post the payments in that file, then once you have advanced your real file to 2014, post the entries to that file as well. Alternately, you can manually write cheques to your vendors, and depending on your accountant’s instructions you can post them into 2013 or wait and post them into 2014 once you have advanced the year. Just remember to put away your hats and noisemakers first.