Closing a period prevents further posting into it once you’ve finished your books for that period. If you need to make a correction, you can reopen a closed period.
Close a period
- From the Accounting menu, open Fiscal Periods.
- Find the period you want to close.
- Choose the Close action.
If the period passes the readiness checks, it is closed and you’ll see a confirmation. If it can’t be closed, the system shows the reason and any issues to resolve first.
Reopen a period
- Find the closed period you want to reopen.
- Choose the Reopen action.
The period returns to Open.
Warning: A period that is already open cannot be reopened, and a locked period cannot be reopened at all. See Lock a period.