Creating period statuses

Use this procedure to create entity ledger period records for any accounting entity that references the close configuration that has been created or modified. This action must be performed after a close configuration is created or modified. An alert message appears next to the close configuration record as a reminder if this action has not been performed.

  1. Select Financials > Global Ledger > Finance Enterprise Group > Maintenance.
  2. Open the finance enterprise group.
  3. Click the Calendar tab.
  4. Open any calendar and click the Close Configuration tab.
  5. Select the close configuration and click Actions > Create Period Status.
  6. In the confirmation dialog, click Yes.