Closing a period

If Lease Accounting system control is used in Global Ledger, then you must close a lease accounting period before you can close the corresponding Global Ledger period. You must close the periods to ensure that all processing for the periods are completed.

The lease period cannot be closed if there are leases with the status of:

Modification In Progress
Lease Adjustment In Progress
Termination In Progress
Transfer Of Lease Company In Progress

These status must reset or completed before closing the period.

Select Leases > Processing > Close Period.
Select Company Group or Company.
Specify this information:

Year End

Select whether the closed period is the last period in the year.

Update

Select No to view a report of all the payments rejected by the closing period. The period is not closed until you have posted all of the outstanding payments.
Click Submit. .