Closed
On the Accounting Periods or Multi-FSB Accounting Periods form, select the check box to indicate that the current year is a completed fiscal year, or clear the box if the current year is not a completed fiscal year. To use this check box, the Status field must be set to Closed for all periods.
On the Accounting Periods Control Number Sequences form, this check box is display-only.
The system in certain situations uses the Closed check box to help determine the current period when it needs default dates.
The system does not treat the closed year as a hard close. Posting transactions are still allowed into the entered closed year. You must reopen the fiscal year by clearing this check box, post your entries, and then select this check box again.