My company was acquired on 10/10/23 which is to become the NEW shortened year end.
I know how to shorten the year end for complete months.
Can this be done for a part month?
My company was acquired on 10/10/23 which is to become the NEW shortened year end.
I know how to shorten the year end for complete months.
Can this be done for a part month?
Hi KELLYDAVID,
Thanks for using Community Hub.
The financial year in Sage 50 Accounts runs for 12 months from the month you specify when you set up your company in the software. However, you can effectively shorten the financial year by moving the starting month, you can read more about his in the following article: How to shorten the financial year >
The software recognises the months of the financial year rather than the individual days, so you would need to specify a whole month rather than a date within a month.
If this helps, please click Verify Answer.
Regards
Andy
Sage UK
Short Answer is NO
Financial run to the end of a month always
*Community Hub is the new name for Sage City