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terriwardell


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SAGE - changing the accounting year
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I wonder if anyone can help?  I have been doing the books for a Ltd company since July 08.  They told me their accounting year started April (they had already been using Sage) so I tidied up their accounts on Sage & continued using.  I did a year end for April 08 & then started a new year up to date.  I have now find out that their annual accounts up to May 08 need to be filed by Mar 09.  What should I do - has anyone got any ideas?

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Nimac


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Sorry if i am misunderstanding you but what is the problem you are having?

Are you saying that the year end should have been May 08 not April 08.

Could you restore the system prior to running year end - enter all source documents again, a bit of a pain i know and run year end May 08 instead.



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Balanced


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You need to clarify the accounting year end with the director of the company before changing anything on sage. And check what dates companies house hold. The director may want a year end of April rather than May. I wouldn't change on sage until you have double checked this, and then go and check again. What did they use for previous year?

I've often seen that the internal year end is different to what Companies House and HMRC use, they use 12 months from the date the company was registered, these can be brought into line by changing the year end with companies house. What are you going to be filing? if its the CT600 for HMRC then use the year end numbers and add the other month on spreadsheet to get the totals required. Easier than changing dates at this stage.

I once worked for a company that had a year end of June, but HMRC had it as 2nd July, thinking that 2 days wouldn't matter I sent it in as at the of June. It was later returned and I was asked to complete for the two days! But companies house were happy enough with the end of June numbers.

Probably not much help but theres no need to panic you've plenty of time!

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Nimac


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If the year end date is different on Sage to the actual year end, i would be changing the year end date on Sage at some stage as this will cause hassle evertime year end comes along however as Balanced advises, best to check actual year end date first before changing anything.

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terriwardell


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Thanks for your advice

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