Fiscal Periods Range Change - Sage 50 / Peachtree

If you need to reorganize your fiscal period's date ranges, we have you covered!

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There is not an option inside Sage 50 to perform this task.  Due to this missing option within Sage 50, you would have to completely rebuild your company using the export/import function.

This process can take weeks for a normal user to execute. If you have ever tried to export and import transactions, you know how frustrating this process is.  Most of the time you just give up and start manually reentering the transactions.  This adds months to your project timeline.  There is just no easy way to accomplish this task.

Our service will solve all these problems!  We can change your fiscal periods, retain all transaction details, and correctly adjust all your General Ledger balances.

We can guarantee that there will be no transaction or details lost.  Everything will be exactly the same, except, your new fiscal period ranges will be changed! 

The only issue you may have to address is the occurrence of repeating transactions within your dataset.  Because you are changing the time frame in which repeating transactions reside, they may no longer be valid.  How we fix this is by flattening them and stopping them from repeating.  Once you receive the dataset back, you would need to edit the last transaction in the set and reschedule it.

Laying out your new period range can be confusing.  First, you do not want to change the date ranges for your history data.  Try to leave past periods alone.  Secondly, you need to have all date ranges covered in a continuous range.  There can be no blanks or missing time frames. 

Sage 50 has two years of editable periods.  It is best to start the new fiscal period range with the second year.  To accomplish this, there may need to be a short period or a super period.  This short or super period is used to make up the time frame to accommodate the new period range.

For example, your fiscal year currently runs February – January; you need them changed to a standard calendar year January – December.  Remember you have two years open in Sage 50 so your layout would resemble the following

PeriodExisting Start DateExisting End DateNew Start DateNew End Date
11-Feb28-Feb1-Feb28-Feb
21-Mar31-Mar1-Mar31-Mar
31-Apr30-Apr1-Apr30-Apr
41-May31-May1-May31-May
51-Jun30-Jun1-Jun30-Jun
61-Jul31-Jul1-Jul31-Jul
71-Aug31-Aug1-Aug31-Aug
81-Sep30-Sep1-Sep30-Sep
91-Oct31-Oct1-Oct31-Oct
101-Nov30-Nov1-Nov30-Nov
111-Dec31-Dec1-Dec30-Dec
121-Jan31-Jan31-Dec31-Dec
131-Feb28-Feb1-Jan31-Jan
141-Mar31-Mar1-Feb1-Feb
151-Apr30-Apr1-Mar31-Mar
161-May31-May1-Apr30-Apr
Continued

Notice there are two short periods; period 11 and period 12.  This is used to adjust the time frame so period 13 (which is the first period of the second year) can start with January.  This process can also go in reverse if we were adjusting your periods the other way.  Ultimately, there would be a super period in period 12 that would contain both December and January in one month, that period (period 13) would start with February.

It is difficult to think about how your new periods might reside in comparison with your old pay periods. This Excel Spreadsheet can be used to work out your new period ranges.  Just remember, you have two open years.  Period 13 may be your first fiscal period for the second year.  It may also be possible that you require 13 periods instead of 12.  Period 14 would then be your first period for the second year.  Please remember to leave the past in the past.  Do not go back and change periods for closed months.  Focus on when the change takes effect and work on that point forward.

How the process works:

  • Layout your new periods.  (Use our spreadsheet to finalize your layout.)
  • Review the pricing and the service levels.
  • Determine if your company requires a Non-Disclosure Agreement.  We have a basic agreement located in the Online Job Submission Form Area.  You may download, review, and sign the document and then return it back to DataSoft prior to the submitting the job. (If required)
  • Perform a standard backup in Sage 50 or Peachtree Accounting.  Do this by using the Backup Menu option on the File Menu.  You do not need to include your archives or attachments data in your new backup.
  • Complete the Online Job Submission Form
  • Our system will send you an email with instructions on how to upload your Backup File and the Fiscal Period Layout Form to our secure servers.  Once we receive the backup, it normally takes about 6 hours to complete the work.  You may use your Sage 50 at this time, but any transactions or changes made will be overwritten when you receive the data back.  You will then have to reenter any transactions.  It is best not to change anything within Sage 50 until you receive the changed dataset.
  • When your job is complete, you will receive an email that contains a Download Link to your data.
  • Download the Sage 50 or Peachtree Backup file into a folder or on your desktop.  Remember the location where the file is being saved.
  • Have all users exit Sage 50 or Peachtree Accounting.  It is required in order for you to restore your dataset.
  • Open your company in Sage 50 or Peachtree Accounting.  If you have multiple companies, make sure you are working with the correct company.
  • Perform a standard backup of the correct company. Make sure you also backup your Archives and Attachments if they exist.
  • After performing the backup, use the Restore option from the File Menu.
  • Using the folder or location of the saved file, select the file to restore.
  • Follow the screen instructions to complete the task.  You will be prompted to overwrite the existing files; select Yes.

If you have repeating transactions, you will need to locate the last transaction for that set and edit the repeating time frame.  This does not need to be done immediately, but you should adjust them prior to applying any transactions to that customer or vendor.

 

 

Fiscal Periods Change Service works with all Versions of Sage 50 and Peachtree Accounting Software this includes:

  • Sage 50 Quantum
  • Sage 50 Premium
  • Sage 50 Pro
  • Sage 50 Accountant Edition
  • Peachtree Pro Accounting
  • Peachtree Premium Accounting
  • Peachtree Manufacturing
  • Peachtree Distribution
  • Peachtree NonProfit
  • Peachtree Construction
  • Peachtree Quantum
  • Have Questions about our Products and Services?

    You are welcome to call us at

    (954) 523 - 8570
    Monday - Friday 9:00am - 6:00pm Eastern Time

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