We’ve collected a list of 3 of the top accounting issue we see in X3.
- Period needs to be closed
Periods in your X3 system need to be closed to ensure past balances aren’t affected and it’s a good organizational practice. If you are making entries to a reopened period navigate to the Periods function under Common Data> General Accounting tables and close your period here.
![](http://www.rebdev.com/wp-content/uploads/2021/04/image-8.png)
Otherwise, if no new entries were made, navigate to Period Closing under Financials> Utilities> Closing and close your period here.
![](http://www.rebdev.com/wp-content/uploads/2021/04/image-9.png)
2. Accounting Tasks
If you receive errors while closing a period or year, but are certain all entries have been posted and validated, make sure that Accounting Tasks is running. Navigate to Usage > batch Server > Accounting Tasks. If the status on the line is not ‘Active’, and journals are on hold, press Run now and try closing the period again.
![](http://www.rebdev.com/wp-content/uploads/2021/04/image-10.png)
![](http://www.rebdev.com/wp-content/uploads/2021/04/image-12-1024x202.png)
3. Missing Opening Balances
If you have simulated but not closed a year end, and have later then utilized one of the resynchronizations under Financials > Utilities > Resynchronizations, you may find that your opening balances in X3 seem to have disappeared. This is due to the fact that simulations do not create actual journal entries – a resynch can reset this data. To bring your opening balances back, simply run another year-end simulation.
To finalize the opening balances, run the standard year end closing processes