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Error: "Incorrect Procedure. Cannot post to future year."

Created on  | Last modified on 

Summary

In Sage 300, when you post a GL batch, you see the message, "Incorrect Procedure. Cannot post to future year."

Cause

You can’t post Journal entries to a date in a future Fiscal Year.

 

Resolution

Before you begin, create a full backup.

Verify the current fiscal year

  1. Choose General Ledger, G/L Setup, Options.
  2. Select the Posting tab.
  3. In Posting Statistics, check the Current Fiscal Year.

Create a new year in General Ledger

  1. Make sure that the new year is in Common Services, Fiscal Calendar.
  2. Open General Ledger.
  3. Click G/L Period Processing, then Create New Year.
  4. Read the Warning and instructions.
  5. Choose Process.
  6. Verify and post the new GL batch "CLOSING ENTRIES for xxxx" to complete this process.

F1 Help has more information on using Create New Year.

Options once you create a new GL Year

You can post subledger batches to future periods.

On a GL entry in the final period of a year, you can choose the Auto Reverse options. This posts a hidden Reversing Entry in the first period of the following Year.

 

Create a new year in General Ledger

  1. Make sure that the new year is in Common Services, Fiscal Calendar
  2. Open General Ledger.
  3. Click G/L Period Processing, then Create New Year.
  4. Read the Warning and instructions.
  5. Choose Process.
  6. Verify and post the new GL batch "CLOSING ENTRIES for xxxx" to complete this process.

F1 Help has more information on using Create New Year.

Options once you create a new GL Year

You can post subledger batches to future periods.

On a GL entry in the final period of a year, you can choose the Auto Reverse options. This posts a hidden Reversing Entry in the first period of the following Year.

 

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