Close financial periods
To close a financial period:
- Indicate the year for which you want to close a period.
- Select the module for which you want to close a period.
- Select the Final Closing check box to set the period status to Finally Closed.
- Specify a range of financial companies.
- Select the appropriate check boxes to specify the periods you want to close.
-
Click the
button.Before you can close the periods for the General Ledger, you must close the periods for these modules:
- Accounts Payable
- Accounts Receivable
- Cash Management
Note:
- You can only specify reporting period types and period ranges if the Reporting Periods check box in the Group Company Parameters (tfgld0501m000) session is selected.
- If the period for integration is closed, no more new transactions can be inserted in the integration tables for the closed period.
- Before you run this session, you must close all the batches for the relevant periods in the Finalization Run Number (tfgld1609m000) session.
Closed periods
You cannot create transactions in a closed period. However, a period with the status Closed can be reopened in the Period Status (tfgld0107m000) session.
You cannot reopen a period that has the status Finally Closed.