You are trying to open a new fiscal year in your company but system will not allow as the error message appears 'More than 3 years open, creation of future fiscal year is not permitted'.
Reproducing the Issue
To create a New Fiscal Year you perform the following steps
- Go to General Ledger work center.
- Go to Sets of Books and Assigned Companies view.
- Press Edit Fiscal Years button.
- Press New Fiscal Year button.
Error message is raised: 'More than 3 years open, creation of future fiscal year is not permitted'.
This is system behavior not to accept more than 3 fiscal years opened.
You need to close previous year in order to be able to open another fiscal year. To close the fiscal year you can refer to Help Document 'Closing Activities - Year-End Closing' available at the Help Center of your system.
KBA , SRD-FIN-GL , General Ledger , How To