Year-end in Sage X3
The time from autumn to winter, year-end and a new financial year passes quickly.
It is therefore worth reviewing the annual routines in Sage X3 now to ensure a smooth transition into the new year.
Here are some points and routines for year-end and a new financial year in Sage X3.
Year-end in Sage X3
1. Ensure that the coming year and periods are set up in Sage X3 and integrated systems such as Rillion.
This can be done well before year-end.
2. Add a new financial year in the fixed asset register's depreciation context and create its periods.
Ensure that the periods have the posting type “Actual”.
3. Update opening balances.
4. Adjust the default date for analyses, for example.
5. Export SIE4
Would you like help with Sage X3?
Book a meeting with your Sage X3 consultant today; they are often fully booked around year-end.
Or contact our support here:
Email: support@systemstod.se
Systemstöd customer support portal: Log in here
Sage X3 tip!
If an order was placed with one supplier but the invoice comes from another, such as the parent company, you can record the goods receipt against the original supplier on the purchase order.
Then click “Additional information” on the goods receipt and change “Invoice from” and “Pay to” to the correct business partner: the party that issued the invoice.
You can then match an invoice from one supplier with a goods receipt from another.
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