Projects

New to projects. I have a few questions about set up. We are a non profit and rely heavily on donations.

We aim to allocate all/ most chart of accounts to a project code instead of using sub accounts. We have been using the feature for fiscal year 2022 (Jan - Dec)

Firstly; once you set up a project to run each fiscal year, every year, with balances resetting to 0; do you reset the project start and end date each year according to the fiscal year?

Secondly ; In some 4000 allocated accounts the revenue needs to be carried forward for the project to new fiscal year 2023 - Do i  leave the start date as whichever historical start date with no end date or enter a new year start and end date in the project box and input the c/forward amount in the 'revenue.'

If so, perhaps I can do the same for c/forward 5000 expense accounts?

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    Hi ,

    Thanks for reaching out. Did you ever find an answer for this issue? The setup of projects can be annual, semi-annual, quarterly, etc. Once created, you can adjust the budgetted Revenue / Expenses per year going into the future, here's how and what the screen looks like in Sage 50 Canada: 

    Then you can pull reports for specific periods. Here's all help files related to project and budget settings in Sage 50 Canada.

    If you are still looking for guidance, please let us know and we can try to point you in the right direction or suggest some resources or next steps.

    Warm Regards,

    Erzsi