---
title: How to Add a New Fiscal Year to Sage 500 ERP
description: How to add a new Fiscal Year to Sage 500 ERP. First log into Sage 500 ERP and access the General LedgerMaintenanceGL Setup Set Up Fiscal Calendar
---

[RKL eSolutions | Technology Insights, Tips and Trends ](https://www.rklesolutions.com/blog)

# [How to Add a New Fiscal Year to Sage 500 ERP](https://www.rklesolutions.com/blog/how-to-add-a-new-fiscal-year-to-sage-500-erp)

 Written by [Russ Griffith](https://www.rklesolutions.com/blog/author/russ-griffith) | Jan 14, 2025 6:30:00 PM

> Want to learn more about the future of Sage 500 and what life looks like after migration?   
> Check out our blog series:
> 
> [The Road Ahead for Sage 500](https://www.rklesolutions.com/blog/sage-500-end-of-life-2023-update)  
> [Life After Sage 500—What's Next?](https://www.rklesolutions.com/blog/its-time-to-move-off-of-your-sage-500-erp)  
> [Life After Sage 500—Why Now?](https://www.rklesolutions.com/blog/sage-500-erp-why-its-time-for-whats-next-part-2)  
> [Life After Sage 500—We're Here to Help](https://www.rklesolutions.com/blog/sage-500-erp-why-its-time-for-whats-next-part-3)

Log into [Sage 500 ERP](https://www.rklesolutions.com/sage500.html) and access the General LedgerMaintenanceGL Setup Set Up Fiscal Calendar

<https://www.rklesolutions.com/hubfs/Imported_Blog_Media/14-2.jpg>

Click the Add Year button

<https://www.rklesolutions.com/hubfs/Imported_Blog_Media/24-2.jpg>

Key in the next Fiscal Year

<https://www.rklesolutions.com/hubfs/Imported_Blog_Media/3-4.jpg>

Answer Yes to the prompt to calculate beginning balances for the new Fiscal Year

<https://www.rklesolutions.com/hubfs/Imported_Blog_Media/4-4.jpg>

Verify the period dates are correct and make any necessary changes. Your new fiscal year is now created

<https://www.rklesolutions.com/hubfs/Imported_Blog_Media/5-5.jpg>

Click the green finish button to save and exit.

[View full post](https://www.rklesolutions.com/blog/how-to-add-a-new-fiscal-year-to-sage-500-erp)

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