Updating the status of a period

Updating the status of periods can be for all accounting entities and ledgers, for an individual accounting entity, or for an individual ledger.

  1. Select Processing > Period Close > Close Period For Ledger.
  2. Specify this information:
    Action Option
    Select the type of period close.
    Close Configuration
    Specify the close configuration for the period.
    Year Period Option
    Select whether the period is a Year, a Single Period, or a Period Range.
    Entity Option
    Select whether the close period is for a Single accounting entity or a Group of entities. Then specify an entity or entity group in the field that is displayed.
    Ledger Option
    Select whether the close period is for a Single ledger or a Group of ledgers. Then specify a ledger or ledger group in the field that is displayed.
  3. Click OK to run the action immediately, or click Schedule to schedule the action later. When the action is completed, the selected period status changes.