Financial period statuses

Financial periods can have these statuses:

• Open

  You can enter transactions for this period.

• Closed

  The period is closed, but you can still change the period status to Open to create some final transactions in the period.

• Finally Closed

  The period has been closed through the Close Periods (tfgld1206m000) session. You cannot enter any transactions anymore for the period. The Finally Closed status can be assigned to a period only if the previous periods have the Finally Closed status. You cannot change the status of a period that has the Finally Closed status.

In the Period Status (tfgld0107m000) session, you can view and change the status of each period type.

The periods can be set to Open, Closed, and Finally Closed separately for these types of transactions:

ACP: Accounts Payable transactions

ACR: Accounts Receivable transactions

CMG: Cash Management transactions

INT: Integration transactions logging

GLD: General Ledger transactions