Sage X3 Learning Center – V12 Year End Transcript
Welcome to SWK technologies’ Sage X3 Learning Center. Today we present Sage X3 V12 Year End.
There are many steps to Closing Periods in Years. The three processes that we are focused on today is Closed Periods, run Cloper, and then Closed Year. I won’t be going through the steps of Closing Periods in this video, but I’ve provided two slides for your information. The second slide is to be completed before you run Year End. I also wanted to provide the links of where to Close Periods and Years.
To Close a Year, your Period End Closings must be completed, you must Close all Periods to Close a Year. You cannot make changes to Periods if Closed. Last Period Closing will provide a warning when Closing. This warning identifies when last Period Closing, that the system verifies the General Ledger is balanced, verifies the accruals have been generated, verifies the analytical accounts and depreciation has been generated.
Pre-Year End Verifications
Here’s a list of things that should be completed before running Year End. Identify these in your system.
Run your Cloper report to identify any issues that you’re going to have with your Year End. Your Year End won’t process without a Cloper report that is cleaned.
Now we can perform the Year End Close.
Let’s take a look at X3 and navigate to Year-End processing. Financials, Closing process, fiscal Year End. Enter company. Now, most companies would be fine with “Yes” in this column, “all ledgers,” yes. This particular company needs a no there. And just tab through. If you make it the second line, just Escape and then say “OK.” Make sure your detailed log file is selected. And “OK.” And there you have it, your fiscal Year end is complete.
Here I provided some notes on Year End Close. One thing that you could do is go your journal entries and look up NEWPR, or possibly NEWMP. This would give you your Closing entries or print your trial balance and make sure that’s correct.
I have had some errors in the past, I’m just going to give you these in case you get them. If you get a parameter error, it would probably list this error (GTEFRW2), and here is your fix (2:43). You may also want to reset your default dates, and here’s how to do that (2:51).
Thank you for joining us at SWK Technologies’ Sage X3 Learning Center. You can always visit us at swktech.com.
Have a great day.
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