1. Activate your General Ledger, specifying the first full year for which you want to keep account data, and the current fiscal year. General Ledger will create fiscal calendars for all years that you want to contain history.

General Ledger will also set the current fiscal year to the year before the first full year, so you can enter opening balances for the first year.
Note:  The only way to change the current year in G/L is to use Create New Year. This form closes income and expense accounts to retained earnings, creates opening balances in the next year, and advances the current year.
If you do not want to enter previous-years' period balances, you must enter the previous year's period 12 balances.

1. Start Sage Accpac ERP, using the year-end date of the year before the earliest fiscal year for which you want to post transactions.

Create a batch with the closing balances of all your general ledger accounts. Make sure the batch balances, and that the batch matches your balance sheet for that year, then post the batch.

1. Run Create New Year to create the opening balances for your first full year of period balances, and to advance the current year.
2. Set the session date for the appropriate fiscal year, and create separate transaction batches for each of the periods that you want to contain data. If you want a full year of comparative period balances, you must create one transaction in each period for each account.

Because you have already entered opening balances, these batches must contain the net changes for each account (except retained earnings) in each fiscal period.
Do not enter the closing balance of the retained earnings account, and do not create a batch for closing income and expense accounts to retained earnings. You will use General Ledger's Create New Year form to close each year after you have posted the year's data.

• Post all batches. Print the posting journals, and keep them as part of your audit trail.