Year-End Preparation for Sage 300 Construction and Real Estate

by Kyle Zeigler, Sage Senior Certified ConsultantSage 300 CRE year end

The beginning of the holiday season is fast approaching! Being prepared for year-end activities in your Sage 300 CRE software can help make your holidays the happiest. Some items for your “to-do” list might include:

December Tasks

1. Version upgrade

The only version supported at year-end will be 18.3 and this should be installed prior to 12/31/2019. Schedule with your consultant early!

2. Year-end update

Watch for an email from Sage during the last couple of weeks in December. Identify who receives those emails in your organization. Install only after upgrading to version 18.3.

3. Order 1099 and W2 forms if printing in-house

Be familiar with the correct forms to order — there are limitations (only 4-up for both, blank on the front; W2s must be pre-perforated). Or let Aatrix print and send your 1099 and W2 forms so you have more time for holiday shopping!

4. 1099 prep in Accounts Payable

Check the 1099 year in AP Settings to assess whether corrections will need to be made to 1099 totals for 2019 forms. Review and modify Vendor 1099 settings as needed.

January Tasks

1. Payroll

Plan when to prepare and post your last payroll for 2019, including any bonus or supplemental checks that will be dated in 2019 and will use 2019 tax tables, when to download and update taxes, and when to begin processing the first payroll of 2020 with the new tax tables. Also, plan when to prepare and finalize W2s.

2. Accounts Payable

Plan when to prepare and finalize 1099s.

3. All other modules

Plan the timing for reconciling to GL, printing year-end reports, and closing the year for modules that have a Close Month and Close Year task. GL is typically closed last.

Where to get help:

As always, please let us know if we can assist you in any way.

Need help from a certified Sage 300 CRE Consultant? Just click, and we’ll contact you in a jiff! It’s no big deal, right?