Sage Partners
Connect on Twitter
  • Home
  • Find a Reseller
    • By Location >
      • U.S. Partners
      • Canada Partners
    • By Sage Product >
      • Sage ERP Partners >
        • Sage 50 Partners
        • Sage 100 Partners
        • Sage 300 Partners
        • Sage Intacct Partners
        • Sage X3 Partners
        • Sage 500 Partners
      • Sage Construction Partners >
        • Sage 100 Contractor (Partners)
        • Sage 300 Construction (Partners)
      • Other Sage Partners
  • Sage Product Info
    • Sage 50
    • Sage 100 >
      • Sage 100 Tips & Tricks
      • Sage 100 System Requirements
    • Sage 300 >
      • Sage 300 Installation Guides
    • Sage Intacct
    • Sage 500
    • Sage X3
    • Sage Construction >
      • Sage 100 Contractor
      • Sage 300 Construction
      • Sage Estimating
    • Other Sage Products >
      • Sage Fixed Assets >
        • Sage Fixed Assets User Guides
      • Sage CRM
      • Sage HRMS >
        • Sage HRMS System Requirements
  • Sage Add Ons
  • Resources
    • Blog
    • Popular Articles
    • Buying Guides >
      • Inventory Management Tips
      • ERP Implementation Failure
  • Contact Us

How to Run Year-End Simulation in Sage X3

12/14/2017

0 Comments

 
X3 Year End Simulator Header
Most companies won’t quite be ready to close the books before starting to post new transactions in 2018. That’s where the Year End Simulation feature in Sage X3 can come in handy.

It's used in cases where the previous fiscal year must remain open for a period of time into the new year. Performing a year-end simulation will roll forward the ending balances for the Balance Sheet accounts without creating the closing journal entries or permanently closing the Fiscal Year.

By simulating the close, monthly statements will include the correct opening balances until the previous Fiscal Year is ready to be closed and retained earnings calculated.

Prerequisites Before You Start

Before starting Year-End Simulation, check these prerequisites:

Accounts (Setup > Financials > GL > Account Classes)
Verify that Account Classes are set up correctly for Expense & Revenues (Reset to Zero) and Assets (No).

Periods (Common Data > GL Accounting Tables > Fiscal Periods)
Open the next fiscal year and first month of the new year.

Users (Development > Utilities > Verifications > User Monitor)
All users must be logged off. The Journal, EDI, and ADC monitors must also be stopped since they are considered a user.

Running the Simulation

Once the prerequisites are met, you’re ready to begin:
Financials > Utilities > Year End Simulation

NOTE: You should deselect “All Companies” and run just one company at a time, General Balance and Analytic Balances must be selected, and you always run Year-End Simulation for the NEW or NEXT year (2015 in this case).


Related Articles:

Sage X3 Version 11 [Summary of New Features]
Introducing New Sage X3 Production Scheduler

Need Help With Year End Processing?

Get in touch with your Sage authorized partner or if you don't have a partner, click below to find a Sage X3 consultant in your area that can help.
Find a Sage X3 Partner

Like This Article?
Please share it with your friends, co-workers, and colleagues!

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    ARE YOU A SAGE PARTNER?

    Get Your Business Listed Here!

    Click below if you're interested in having your business listed in this online directory of Sage Partners.
    Get Started
    Sage Cloud Hosting by gotomyerp

    Popular Articles

    Big Bang Implementation vs Phased Approach
    (Pros, Cons)

    ---
    Sneak Peek!
    Sage 100 2025
    ---
    What's New in
    Sage 300 2025

    ---
    New Release:
    Sage Intacct 2025 R1
    ---
    What Does ERP Stand For?
    ---
    Sage 100 System Requirements and installation Guide
    ---
    Sage 300 Installation Guide
    ---
    Sage 100 Tips & Tricks

©2025 Top-Sage-Resellers.com. All rights reserved. This material and content on this website may not be reproduced, displayed, modified or distributed without the express prior written permission of the copyright holder. This website is not owned, operated, affiliated with, or endorsed by Sage Software, Inc. or Sage Intacct, Inc. Sage, Sage logos, and Sage product names mentioned herein are registered trademarks or trademarks of Sage Software, Inc. and/or its affiliates. Other product names mentioned are trademarks of their respective owners.
Privacy Policy