Opening a period for backposting

To post transactions to a period in Limited Close status, you can open the period for backposting. Each period is associated with a single accounting entity and ledger.

  1. Select Processing > Period Close > Close Period For Entity.
  2. Select the period or periods to open for backposting. You can use the Search button to find the specific period or periods.
  3. Select Actions > Open For Back Post. The selected periods are changed to Backpost status. You can now create journal entries for these periods.