The Sage 50 Accounts software solution is profoundly flexible and configurable and can be utilized online by means of the Cloud or installed on your own server as On-premise. Sage 50 can be further improved by adding additional modules from the Sage 50 products suite or adding applications from the Sage Store.

One of the significant qualities of Sage 50 is that it incorporates consistently with different modules in the Sage 50 range, for example, Payroll, HR, Sage 50 P11D, Manufacturing, Forecasting, and CRM!, This presents to you every one of the upsides of a smoothed out and completely co-ordinated business.

As soon as your business starts developing and growing you can easily upgrade your Sage software and can also add various modules from the Sage 50 range to give a total and flexible business management solutions.

Being one of the best accounting software with a wide customer base, we can’t say that it is impossible to not face some major or minor issue in a while. Sage 50 often reports a few issues and out of all, “New Periods Could Not be Assigned” is one of the common issues reported by multiple users. Are you also facing any such error or issue with Sage 50? If yes, then drop all your worries now as here we are to resolve all your issues and concerns with our professional guidance.

In this post, we are going to share a step-by-step guide to easily troubleshoot Sage 50 Error: “New Periods Could Not be Assigned” so that users like you can resolve this issue on their own as well. So, let’s get started!

Related Article: Sage 50 Crashing After Windows 10 Update

Common Cause Behind “New Periods Could Not be Assigned” Error

The most common cause behind this error reported is the year-end process which is often encountered while assigning the new periods numbers to each and every transaction in the user’s system.

Solution 1: Data Verification

Verify the data of the Sage 50 service update. Follow the listed below steps to successfully verify data!

• Go to the File Menu.
• Choose the Data Verification option from the list.
• In the Next Step, Select “Both Tests” and then click Start Button.
• By Clicking on Save, you will be asked to create a Backup.
• In the end, close the fiscal year again once the test process is finished.

Solution 2: Journal Synchronization/Charts of Accounts

• Go to the Windows icon, click on Start and select Run.
• Input the path, “C:\Program Files\Sage Software\Peachtree\Peachw.exe” -i
• Open Sage 50 Software on your device.
• Once verify the integrity check is available on the File Menu.
• Now, Open the Company file.
• Create a backup of your complete data.
• Create a change in your accounting period to period 1.
• Go to the File Menu and select the integrity checks option.
• Click Next to proceed further.
• Select Reindex Files Box.
• Select Jrnl Header from the dame list and click OK.
• Before accessing the integrity check, click continue.
• Choose journal box/charts of account option available within Data Synchronization Tests.
• Click on OK Button.

Solution 3: Restore the Backup and Close the Year Again

• Restore the Backup of Sage 50 before you choose to clock the fiscal year.
• Navigate to the Company Information and then click maintain.
• Keep a note of the company directory.
• Close Sage 50 Software on your device.
• After this, go to the company folder.
• Secure the files with extension .DAT, .FRM, .CAX, .PTR, .DDF, .MKD, .FRM, .PWP, .PTB, .RPT.
• Also, keep the files ~PVSW~.LOC, KMSKeys.xml, DETAILS.INI, and Crystal Reports.udl
• If there is something that you are unable to end in the file extension, then delete or transfer the same.
• The file names that include dash and underscore, delete all of them.
• Delete all the files that include:
  DAT
  DAT
  DAT
  DAT
  LOC
  DAT
  DAT
  DAT
• After the completion of the process, open Sage 50 software on your device and try to close the fiscal year once again.

Final Words!

In this post, we have shared the major cause of Sage 50 Error: “New Periods Could Not be Assigned” and a step by step guide to troubleshoot this issue so that you can save your productive hours from getting wasted. Even after following the all above mentioned solutions if you are still troubled with the Sage 50 Error: “New Periods Could Not be Assigned”, then we will recommend you to get in touch with Sage 50 Customer who can help you to resolve this issue of yours in real-time. They will assist you with their professional guidance so that you will not have to suffer longer. Sage 50 Customer is available round the clock to its users with all their help and . Dial Sage 50 Customer Helpline Number Now!

A company’s file is an important component of any accounting software. The company file is used to keep detailed information related to your company’s employees, suppliers, clients, products, & other business transactions. The accounting software uses the company’s file to store all the details.

Setting up a new company in Sage 50 can help you to deal with various issues, such as a damaged file, a company file not opening, data loss, and much more. If you are using the Sage 50 accounting software and searching online for the procedure you can follow to set up a new company in Sage 50; then you are at the right place. In this write-up, we are going to enlist the complete procedure about how to setup a new company in Sage 50.

Related Article : How to Tackle Sage 50 Not Responding Error?

After replying to all the questions and mentioning all essential details on a screen, tap the Next> button to carry on. Always press the <Back button to come back to a previous screen of details if needed. If you require assistance to enter details into a screen, tap the Help button to access a Help window explaining the essential information required for each screen.

After mentioning details on all screens, then tap the Finish button. Sage 50 will make a new company file in Sage 50. If you face any problem in creating a new company file in Sage 50, call the Sage helpline number to get some accurate tips.

A list of the major sections of the New Company wizard with details entered in each section

• Posting Method – It allows you to choose between Real-Time or Batch posting. With Real-Time, your transactions are quickly published to General Ledger and Sage 50 always highlight the latest financial information. Modify your posting method at any time once your company file is created.
• Accounting Periods – This allows you to decide which accounting period structure must be used for your company. Mention the number of accounting periods and their starting and ending times.
• Accounting Method – This screen allows you to decide whether the company file utilizes Accrual Accounting or Cash. Kindly check with your accountant if you are not sure about accounting periods recently used by your company.
• Fiscal Year – It allows you to choose the year and month of the first period within your company Fiscal calendar.

• Company Information – It allows to mention company details. It involves the company’s address, name and state and federal identification numbers.
• Setup – It allows to choose how to prepare the company file. Use the sample business type that highlights your company and then customize it. Copy settings from another Sage 50 company file and convert a file prepared by another program or make your chart of accounts from scratch.
• Business Type – It appears if you select to prepare a company file from a sample business type within the Setup section. Business type allows you to choose a type of business that closely highlights on your own. It allows you to customize a standard chart of accounts for your industry type.
• Finish – This screen allows you to use the Setup Guide for customizing the defaults used in the company file and type new data records.

Also Read: Sage Chat Support

Steps to Setup New Company File in Sage 50

• Select File or New Company from the menu bar to make a new company file in Sage 50
• Press the Next > button at the bottom of the window in the New Company Setup Wizard
• Reply to any questions asked for each of the given screens and carry on pressing the Next > button to move ahead from screen to screen
• Tap the Finish button to make your company file on the final screen.

Once you move through the above methods, you can easily establish a new company file Sage 50 accounting software. If you face any trouble in setting up a new company file, call Sage 50 customer number to get some accurate tips.

QuickBooks and Sage are certainly the most used accounting applications, thanks to the incredible features that they offer to users. However, when it comes to Sage Canada vs QuickBooks Canada, we will require further discussion to find out which one is better. Both programs offer different versions based on the user’s specific requirements.

QuickBooks Canada is suitable for small to mid-sized businesses. On the other hand, Sage 50 Canada can cater to the requirements of larger Enterprises. When making the comparison between the two, there are several aspects that need to be considered. We will learn more about them by reading this post until the end.

Also Read: Sage Chat Support

Sage Canada Overview & QuickBooks Canada Overview

To compare the two applications, we will describe the two programs along with their features and advantages. Let’s start with QuickBooks Canadian editions:

About QuickBooks Canada

QuickBooks is cutting-edge accounting software best suitable for small to mid-sized businesses. QuickBooks Canada can help these businesses to streamline the core competencies of their accounting management. It offers many powerful features and functions to manage your accounting data in a comprehensive manner. Besides, the QuickBooks Canadian edition can be integrated with third-party applications to boost its efficiency. You can choose different editions of the program based on your specific requirements. To get an in-depth idea about the application, let’s discuss the important features and advantages of the QuickBooks Canadian editions.

Features of QuickBooks Canadian Edition

• Manage all your accounting and payroll data in one place.
• Intuitive reports to get helpful business insights.
• Keep eyes on income and expenses and manage your business efficiently.
• Efficient inventory management.
• Create and send customized invoices.
• Help your customers pay using different methods.
• Access mileage tracking feature.
• Run automated payroll to make the process stress-free.
• Click and upload receipts using your phone.
• Support multi-user mode to boost productivity.

Also Read: How do I Talk to Someone at QuickBooks

Advantages of QuickBooks Canadian Editions

• Spread the tentacles of your business with this powerful accounting tool.
• Easy and effective management of your accounting data.
• Make well-informed decisions with comprehensive insights.
• Know what’s selling and what’s not with inventory data at your fingertips.
• Stop chasing after payments endlessly with customized invoices and seamless payments methods.
• More efficiency in reduced time and effort.
• 365 days customer assistance.

Now that we have seen some important features and advantages of the QuickBooks Canada editions, let’s discuss Sage Canada to conclude the comparison.

Also Read: Sage 50 Not Responding

About Sage Canada

Sage is an accounting software best suitable for medium to large-sized businesses that have big inventories. It can simplify your day-to-day accounting management tasks and improve productivity at the workplace. This full-fledged accounting software can help you in creating reports, managing records, and overcoming the major shortcomings of your business accounting. Moreover, you can choose from its different products to harvest its different features and advantages. Regardless of the business size, you can deploy this application for efficient accounting management.

Features of Sage Canada

Sage Canada offers several features to make complicated accounting tasks easy to perform and manage.

• Up to 5 users can work in multi-user mode simultaneously.
• Easy modifications of reports and financial statements.
• Effective cash flow management.
• Inventory management so that you know what’s in hand and what to order.
• Online bill settlement with the utmost ease.
• Users can open multiple companies simultaneously.
• Centres for inventory, vendor and services management.
• Users can easily do broadcast invoicing.

Also Read: QuickBooks Desktop 2023 Summary

Advantages of Sage Canada Editions

Below are some of the main advantages of Sage Canada:

• It presents the data in an Excel spreadsheet so that you can comprehend it in a better manner.
• You can scale up the application as your business grows.
• It is flexible and secure.
• Access crucial information to make better decisions.
• It has a user-friendly interface.
• Easy support for the investment or resource.
• Customer assistance, anytime you need it.
• Reduces your time and effort by eliminating manual report writing.

Demerits of Sage Canada and QuickBooks Canada

Now that you are aware of the merits of the applications, let’s compare the two based on their demerits:

Sage Demerits

• The Interface of the application is not user-friendly when compared to the other applications.
• The setting up of the application can be a perplexing task as compared to the other accounting programs.
• QuickBooks Demerits
• It can be personalized to a limited extent.
• Limited users are allowed in the application.
• File size-related issues now and then.
• Industry-specific features are missing.

Final Words!
This post makes an intelligible comparison between Sage Canadian editions vs QuickBooks Canadian editions so that you can judge which one is better. However, you can choose the best for your specific needs. Besides, you can also contact an expert to choose the best for your business accounting. Sage not Responding

Sage 50 error code 1406 is a faulty situation in the program that can take place when installing the application on your device. When the error occurs, you will get a warning message for the same depicting the error. The error message text reads:

Error 1406: Could not write Instance Index to key.

Sage 50 error 1406 can take place due to insufficient access permissions required to access the crucial areas during the installation process. The partial or damaged installation of the program can prevent you from a smooth utilization of the Sage 50 application. Therefore, troubleshooting for the error code 1406 in Sage becomes the highest priority task. Read until the end to find stress-free troubleshooting procedures.

Also Read: Sage Chat Support

Possible Reasons behind Sage Error Code 1406

Below is the list of the most apparent reasons that can make you see error code 1406 on your screen when working with the Sage software:

• Erroneous File Manager’s settings can also promote the error.
• When you shut down your system in an improper manner.
• Corrupt download or partial installation of the McAfee antivirus program.
• Installation/uninstallation of a corrupt Windows registry from the updated version of McAfee antivirus.
• Malicious attacks from a virus or malware to your McAfee antivirus program and the related programs.

Also Read – How to Tackle Sage 50 Not Responding Error?

How to Fix Error 1406 in Sage 50 Software?

Below are the step-by-step solutions explained that can help you in troubleshooting the Sage 50 error 1406:

Solution 1: Run the program as an administrator

The application running process is important for all the programs. To resolve the issue caused due to these reasons, perform the below-given steps:

• Click the .exe file on the application.
• Next, click on the option Run as administrator.

If this simple solution doesn’t resolve the issue, try the next one.

Solution 2: Perform a clean boot

Re-installing the software after a clean boot can also resolve the issue. The below-given instructions can help you to get the task accomplished:

Steps for Windows XP, Vista, and 7 users

• Open your system using the Administrator rights.
• Now click Start and enter msconfig.exe in the Search Box.
• Click Enter to proceed further.
• Next, click the General tab and go to the Selective startup option.
• Hit the option to clear the Load startup items.
• Again, hit the Services tab and then click the Hide all Microsoft services option.
• Click Disable > OK > Restart to finish the task.

Steps for Windows 8 and 8.1 users

• In the Windows Search bar, enter msconfig and then click on msconfig.
• Now click the General tab and then on the Selective startup option.
• Moving ahead, click on delete the Load startup items options.
• Next, you have to click the Services tab and then hit on the Hide all Microsoft services option.
• Again, click on Disable all.
• After that, click on the Startup tab in task manager and then Each Startup item.
• Click Disable.
• Once done, close Task Manager in the System Configuration dialog box.
• Click OK > Restart to conclude the task and then re-install the software.

These steps can make the program work smoothly. If not, you have to perform an additional solution to it.

Read Also – How to Fix Sage 50 Crashing After Windows 10 Update?

Solution 3: Give full permission to the software

If you are still struggling with the Sage 50 error 1406, then enable full permission to your accounting software. In the absence of full permission, it is not able to complete the configuration. Follow the below-given steps to provide the full permission:

• Open the Windows Search bar, type Regedit in the box, and then click enter.
• Now open the Registry Editor and find the location in the error status bar.
• When the error location is determined, click on the open folder from the left pane and again click on Permission.
• Next, you have to choose the Administrators group and mark the Allow Checkbox located against Full Control.
• Moving ahead, choose the System group and make sure that Full Control is considered under the Allow column.
• Now in the permission dialogue box, hit Advanced.
• After that, click on the Owner tab and choose the Administrators group.
• Again, choose the Replace Owner on Sub Containers and Objects and hit OK.
• Now move to click the Permission tab.
• Choose the option Replace all child object permission with inheritable permissions from this object and click OK.
• Terminate all the active Windows and re-install the application.
• If the Sage error code 1406 is not fixed, perform a system reboot and re-install the application.

Try the next method if the error still hinders your business accounting process.

Solution 4: Try out Fix it trouble-shooter

Fix it is an effective troubleshooting application designed by Microsoft. It resolved many common issues automatically that can make the system prone to a software error. In the first place, you need to download the tool from a legit source. Once installed, click the Run now option and it will automatically resolve the issues promoting Sage 50 error 1406. After that, you can install the application without error. If you need any assistance for sage, give us a call on our helpline number.

Read Also – Sage Canadian Edition vs QuickBooks Canadian Edition: Which is better?