If your fiscal year and the calendar year are the same, you will need to create 2019 posting periods in SAP Business One before transactions can be made for the new year. After you’ve created a posting period and transactions have been posted to it, you cannot remove it.
To create 2019 posting periods follow the menu path in Administration to System Initialization, then to Posting Periods. Check to see if 2019 periods exist.
Select the New Period button. The Dates fields, Start of the Fiscal Year, and Fiscal Year field will all fill in automatically.
Edit the Due Date field as the below example. Note: In the Due Date To field, you do not have to put 06/30/20. SAP will prefill that date with 12/31/19. If you leave the SAP prefilled date, you will not be able to have a document due date that goes into 2020 unless you go into each period that is created and individually change the due date on each posting period. This is just an easy way to extend the due dates for all the 2019 periods during creation. When it is all correct, click on Add.
Review your posting periods. You should now see 2019 in your list:
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