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
- Choose General Ledger, G/L Setup, Options.
- Select the Posting tab.
- In Posting Statistics, check the Current Fiscal Year.
Create a new year in General Ledger
- Make sure that the new year is in Common Services, Fiscal Calendar.
- Open General Ledger.
- Click G/L Period Processing, then Create New Year.
- Read the Warning and instructions.
- Choose Process.
- 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
- Make sure that the new year is in Common Services, Fiscal Calendar
- Open General Ledger.
- Click G/L Period Processing, then Create New Year.
- Read the Warning and instructions.
- Choose Process.
- 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.
Need more help?