Use this function to manage periods for each fiscal year for a specific company. You can define periods by company, ledger type, and fiscal year. By default, 12 periods are created, one for each month, but you can change this as needed.
The fiscal year needs to be open to open periods. To run the fiscal year-end function, all periods in the fiscal year need to be closed.
You can open one or multiple periods, up to 20, at one time. You need to open or close periods in order without skipping one.
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