Open periods

SUGGESTED

I had a few payroll clients apply for the Employee Retention Credit.  Due to the fact that Sage only allows 2 years open at a time I was unable to generate the needed reports for 2022.  December 2022 was period 24.  How does everyone handle the end of the year process so prior year payroll in accessible?  

Thank you

  • 0
    SUGGESTED

    During the year end close, there is an option to archive your data. That will make a read-only copy of the company at that point in time. You can access the archive later by going to the File menu and choose Open Archived Company.

    Another option is to make a backup before closing and then restore that backup to a new company. If you do that, make sure you change the name of the new company (Maintain menu > Company Information) so you can tell it apart from your regular company. If you have a backup that was made before 2022 was closed, you can still do this to get the reports you need. Just select the "Create a new company using the restored data" option in the restore wizard.

    I'll also add that most of my clients have not closed 2022 yet.They won't close 2022 until nearly the end of 2023.