Closing periods for entities

You can view and manage period status for an accounting entity.

  1. Select Processing > Period Close > Close Period for Entity.
  2. Optionally, specify this information to narrow the search of periods:
    Entity
    Select the accounting entity.
    Year
    Select the year of the period to close.
    Period
    Select the period to close.
  3. Select the ledger period to close in the search results and select Actions > Limited Close. The selected period is changed to Limited Close status. You can no longer enter journal entries for limited close periods, but you can open them for backposting.