Change Year End Date

Question

A company I work on has changed its status from a Community Interest Company to a Charity. This also entailed running a 15 month closing period. How do I change the year end date from 31st Dec to 31st March?

Anth Richardson · Answer

Hi Stuart, 
 Thanks for using Sage City . 
 Sage Business Cloud Accouning assumes a 12 month financial year, so you would need to set the Year End Date accordingly in Settings > Business Settings > Accounting Dates & VAT. You'd set this to 31st March 2022 to start your next financial year off from 01st April 2022 for example. 
 By default, your reports will run for a 12 month financial year - But you can simply specify a custom period (for the 15 months) and run your reports to see the data over that period. 
 Hope this helps. 
 Regards, 
 Anth R. 
 Sage UKI

Sage Accounting UKI

Change Year End Date

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