Period closing report messages
All leases and invoices that are not completely processed for the period are listed on the period closing report. The report shows reasons that are given for why a lease or invoice is included in the report.
This table shows the potential messages and the actions that are required for each message:
| Message | Description | Action |
|---|---|---|
| No open lease records to print in closing period. | All leases that are scheduled to end within the period are closed | No action is required if Update is Yes. If Update is No, then the period is ready for closing if the messages are also cleared. Rerun Lease Period Close with Update = Yes. |
| No invoice records to print in closing period | All outstanding payments for the periods have been processed | Same as above |
| No unposted transactions to print in closing period | All lease- related transactions are journalized and posted | Same as above |
| Open leases with end date in closing period | The lease must be closed because its end date is in the period that you are closing | For released leases, process outstanding payments, close the lease, and
terminate the leases. For unreleased leases, perform one of these tasks or set of steps:
|
| Unprocessed payment schedule records for the period | The lease contains unprocessed payments for the closing period | For released leases, process the outstanding
payments. For unreleased leases, perform one of these tasks or set of steps:
|
| Unposted lease invoices - invoices not interfaced to AP, or Lease Posting has not been run | The journals on the lease must be posted or imported to Payables, or both | For released invoices, post the transactions. For unreleased invoices, approve and import the invoices, calculate interest, and post the leases. |