How to Create a New Year in Sage 300 General Ledger
- 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.
- Open General Ledger > G/L Periodic Processing > Create New Year.
- Click Proceed.
Each transaction detail is assigned the source code GL-CL, and is posted to the closing period.