Tag Archives: Fiscal year

How to solve the error@“Period not defined or processing prohibited on this date” while validating the sales delivery.

Sage X3 is enterprise resource planning (ERP) product which help organization to manage all the operation of organization and database into a single software solution. Sage X3 contains list of modules like sales, purchase, inventory, project, financial and many more. One of our clients is encountering an error “Period not defined or processing prohibited on… Read More »

Automatic Sequence No generation with Formulae for Fixed Assets and PO

In Sage X3, user can create Fixed Asset and PO entries manually. After creation, Sequence No will be generated automatically by setting the entry no sequence in the Document Types setup. But one of our client requested to generate entry no with formulas. Now we will see Logic required to generate Sequence No with Formula… Read More »

How to solve ‘Incomplete document type’ error while closing the Financial Year in Sage X3

A fiscal year (or financial year) is used in accounting, which varies between companies and for budget purposes. It is also used for financial reporting by businesses and other organizations. Fiscal End closes a Company’s fiscal year and generates the corresponding accounting entries with the document type of NEW. As we know, before any accounting operations, the accounting financial years… Read More »

How to do Period End procedure in Sage X3

Fiscal Period is the period of time reflected in financial statements. Usually, the fiscal period is either the calendar year or a quarter. Fiscal period is also known as an accounting period. The fiscal year is the consecutive 12-month period during which a business or organization plans its budget. It does not have to be… Read More »

How to open Fiscal/Financial Year in Sage X3

As we know, before any accounting operations, the accounting financial years involved must be created and open. This function is therefore used to manage, by company, the status of the financial years. Associated with that particular entry transaction validation screen. You may also get an error as “Incorrect date” while creating transactions in Sage X3.… Read More »