How to Open a New Fiscal Year in Sage X3

In this blog post, we’ll show the steps Sage X3 users need to take to create and open a new Fiscal Year, as well as how to open the periods of that year.

How to Open a Fiscal Year in Sage X3 and its Associated Periods:

1. Open Common Data, General Accounting Tables, Fiscal Years (GESFIY).
   
   
2. Choose the desired company from the left list.
   • If the year does not exist, click the Fiscal Year button to create it.

     

   • In Fiscal Year Creation, the From and To dates will be populated.
   • In the Y/N field, select Yes for each year that you want to add.
   • Click OK.

     

3. Repeat the following steps for each company code.
4. Click OK.
5. Complete the Title and Short title for each year added.
6. Click Save
7. To open the years, click Opening.

   

8. In Fiscal Year Opening, select Yes in the Y/N field for each year to be opened.
9. Click OK.

   

10. Repeat for each company.
11. Proceed to Common Data, General Accounting Tables, Fiscal Periods (GESPER) to open the associated periods.

    

12. Select the company and fiscal year from the left list.
13. Click Opening.

    

14. Select Yes in the Y/N field for each period to be opened.
15. Note: Only periods where the fiscal year is open can be changed to open. It is possible to open periods for more than one fiscal year at a time.
16. Click OK.

    

17. Repeat for each fiscal year/company combination.

If you need help with Sage X3 or have any questions, please contact us.