New fiscal year setup

Parameters

Next we must check a couple of parameters that act as an additional control.

Navigate to Parameters > General Parameters > Parameter Values.

From the left list select TC (Common Data). This parameter can be set at folder, legislation or company level.

Next click the action button on the line labelled CLO and select detail. Here are the parameters that limit the posting dates for various modules. You can either leave these blank or enter limiting values.

Another Parameter that needs checking is in the Supervisor module.

From the left list select SUP, within this we select DEF for default values. Click the action button on the line and select detail.

From here we need to check the default end date, which limits postings to the system.

We can also change default start and end date invoice and payment enquiries here to make them more relevant for the upcoming year.

Journal Codes

Another control that can also cause issues around the time of a New Year or Fiscal year starting is the ‘Status’ of the journal codes. These can be open or closed. The journal code will not accept postings outside of its opening dates.

 Navigate to Common Data > G/L Accounting Tables > General > Journal Codes.

Select Journal codes from the left list and check the status, using the status button on the top toolbar.

Set the Opening and closing date as relevant.