Fiscal closing is a critical process for any business. Doing Fiscal Year end, marking the end of a financial period and getting the company’s financial records ready for the next one. For businesses using Sage X3, this process can be streamlined, even when handling multiple companies simultaneously.
At times, users may want to run the closing process for multiple companies, so X3 allows you to do this with its functionality. No longer will users have to spend countless hours manually closing multiple companies’ fiscal periods. Before starting the fiscal closing process, ensure all data is accurate and complete. This includes reconciliation of accounts, ensuring all transactions are posted, and taking a backup of your database to prevent any data loss.
With the Multi-company Period Closing function, all fiscal periods across various companies’ ledgers can be closed at once. This revolutionary feature is not only a huge time saver but also a game-changer in terms of efficiency. Say goodbye to the tedious and time-consuming process of closing fiscal periods individually, and say hello to the future of smarter, faster accounting.
To use the Multi-company period closing function please follow the steps below :
Step 1: Please follow this path: All > Common data > General accounting tables > Multi-company period opening
New stuff:- Feature: Use of Supersession/Substitution product field on Product master in Sage X3
Step 2 : Here, you can tick the “All Companies” section, or you can select the range “From Company” to “To Company.” In the “Period Date Until” field, enter the last period you would like to close for each company. Then, click on the “OK” button as shown in the below picture .
Step 3 : After clicking the “OK” button, a log will display all the companies with their completion status or any issues that prevented the closing process from completing, as shown in the picture below.
By following the above steps we can Run Fiscal Closing On Multiple Companies at Once in Sage X3.
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Greytrix – a globally recognized and one of the oldest Sage Development Partners is a one-stop solution provider for Sage ERP and Sage CRM organizational needs. Being acknowledged and rewarded for multi-man years of experience and expertise, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third-party add-on development, and implementation competence.
Greytrix has some unique integration solutions developed for Sage CRM with Sage ERPs namely Sage X3, Sage Intacct, Sage 100, Sage 500, and Sage 300. We also offer best-in-class Sage ERP and Sage CRM customization and development services to Business Partners, End Users, and Sage PSG worldwide. Greytrix helps in the migration of Sage CRM from Salesforce | ACT! | SalesLogix | Goldmine | Sugar CRM | Maximizer. Our Sage CRM Product Suite includes addons like Greytrix Business Manager, Sage CRM Project Manager, Sage CRM Resource Planner, Sage CRM Contract Manager, Sage CRM Event Manager, Sage CRM Budget Planner, Gmail Integration, Sage CRM Mobile Service Signature, Sage CRM CTI Framework.
Greytrix is a recognized Sage Champion Partner for GUMU™ Sage X3 – Sage CRM integration listed on Sage Marketplace and Sage CRM – Sage Intacct integration listed on Sage Intacct Marketplace. The GUMU™ Cloud framework by Greytrix forms the backbone of cloud integrations that are managed in real-time for the processing and execution of application programs at the click of a button.
For more information on our integration solutions, please contact us at sage@greytrix.com. We will be glad to assist you.