Statement end date vs year end date

Question

Hi -- I'm very new to Sage 50 premium. My December reconciliation is all correct, but Sage won't accept a statement end date later than December 31, 2021 (the bank statement is Dec17 to Jan 19), so I can't process the reconciliation. I've gone through forum questions, but I'm still stumped as to how to address this. 
 Thanks!

Thomas Knutson · Accepted Answer

That did the trick. Many thanks -- I really appreciate your help!

Richard S. Ridings · Answer

Based on your fiscal year, I can only assume the entries you posted in January are either General Journal entries or Payroll. 
 What I believe is happening at this point is that you have stopped moving your session date forward on Dec 31 because you are trying to clean up and complete your year end. This is not necessary. As long as you have posted Dec 31/20 year end adjusting entries, you can move forward and start a new Fiscal Year any time. 
 The program allows you to post into three fiscal years, Next Year (only in Payroll and General Journal and I believe only in Premium and Higher but I haven't tested in years), Current Year and Last Year. You can continue moving forward and doing day to day bookkeeping while continuing to complete your year end entries to get the books to your accountant for tax preparation. 
 Once you send your books to your accountant, I recommend highly that you go to Setup, Settings, Company, System and do not allow any entries prior to Jan 1/22. 
 Because the program does not allow posting any future year entry in any module other than the General Journal and Payroll, the program will stop you from doing a bank bank rec unless you start a new calendar and fiscal year. Same instructions as above. 
 Richard S. Ridings said: Take a backup of the file from the File, Backup menu so you can restore it if something does go wrong. 
 Then select Maintenance, Start New Year

Sage 50 Canada

Statement end date vs year end date

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