Closing periods

Closing an accounting period is only required if you elected to use closing control in Global Ledger. If you use closing control, then you must close your payables period before you can close Global Ledger.

Before running the period close program, complete the required preparation steps to ensure that your data is ready to close.

Select Run Processes > Process Month End > Close Period In Payables.
Specify this information:

Company

Specify the company.

Company Group

Specify the company group.

Update Unreleased Invoices

Select Yes to automatically update unreleased invoices with a new posting date.

Update Match Invoices Not Ready To Journalize

Select Yes to automatically update the posting date on unapproved invoices from PO so that period closing can occur.

New Posting Date

Specify the new posting date for unreleased and unapproved invoices.

Update

Select Yes to close the periods. Select No to only run a report.
In the Report Distribution section, select a distribution list and export type for Payables Period Close Report and Payables Period Close Error Report.
Click Submit to process this action now or click Schedule to schedule the process to run later.