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Extending the Financial year in Sage Instant 2011

  • Member
  • Practice Licence
  • 6 posts
  • # 101559

Hi,

I'm hoping someone can offer some advise. My client started trading in October 2013 and so the financial start date in sage is October 2013. I understand this means their financial year (in sage) will end 31st Sept 2014.

My Client has decided to extend there first year and move the financial year end date to December 2014.

Would changing the Financial year start date to January 2014 solve this problem or would sage be unable to handle the 15 month year?

If it would solve the problem is there away to do it? I can't do it in sage instant 2011 but have wondered about restoring in another version then changing the date and then restoring back?

Does anyone offer this service?

The prices sage are charging are ridiculous.

I have considered running the year end in Sept then rebuilding with a Jan 2014 start date and basically starting again with the closing trial balance. My problem with this is it doesn't tally with the Vat returns and they are in the process of changing VAT schemes from standard to Flat rate VAT!

Can anyone help?

Thanks

Elle

  • 51 posts
  • # 101565

Hi Elle,

As you have discovered it is not possible to change the year end in Sage Instant (whichever version you are using).

If you know someone who is using the same version as you in Sage 50 they may be able to do it for you , but beware! unless the version is the exact duplicate it will not restore.  I once tried to do this with, let's say v11.9.3 which I restored to (unknowingly) 11.9.5 or some equally indistinct number sequence and ended up having to provide the client with totally new software ALL because I thought that all software beginning with 11.9 would be compatible.  I learned a valuable lesson that day - nothing is guaranteed!

  • Member
  • Practice Licence
  • 6 posts
  • # 101585

Thanks Roz.

I had a feeling that might be the case!

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