How to Create a New Year in Sage 300 General Ledger

1. Open Common Services > Fiscal Calendar, and then:
   • Create a fiscal calendar for the next year.
   • Ensure that the closing period for the current year is not locked.
2. Open General Ledger > G/L Periodic Processing > Create New Year.
3. Click Proceed.

Each transaction detail is assigned the source code GL-CL, and is posted to the closing period.