A Fiscal Year is Known as Financial year or Budget year , it plays a very Important role in Sage X3 , It Usually records and report the transactions for the year. It may be varied from the calendar year. it helps to calculate the financial statements in businesses. Before proceeding with any transactions we have open… Read More »
We encounter situations when a closed period needs to be opened frequently. The processes to open a closed period are so as follows. Go to “Financials -> Utilities -> Closures -> Re-open period”. Select the Company name for which the period is to be closed. You would see the list of the periods (last closed… Read More »
As an ERP user it is quiet mandatory that whenever we do any accounting transaction, it should be carried in Open Fiscal Year/Open Period. Now if we design a custom screen that deals with financial transactions in Sage X3, it should check for the validity of transaction date. In other words, it needs to be… Read More »