Close Periods (tfgld1206m000)

Use this session to close and finally close periods for administrative reasons. You can close the periods for a number of financial companies of the financial company group.

Closing periods

To close a period:

  1. Accept the defaulted job reference date or specify a different date.
  2. Indicate the year for which you want to close a period.
  3. Select the module for which you want to close a period.
  4. Select the Final Closing check box to set the period status to Finally Closed.
  5. Specify a range of financial companies.
  6. Select the appropriate check boxes to specify the periods you want to close.

  7. Click the Close Periods 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 (tfgld1110m000) session.
Note: Periods can only be finally closed when all the recurring invoices are posted.

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.

Field Information

Settings
Job Reference Date

If this session is run in job mode, this date determines the year and periods.

Year

Select or enter the fiscal year to which the financial transactions are linked.

Module

Select the module for which you want to close the periods.

Note: 

Before you can close the periods for the General Ledger , you must close the periods for these modules:

  • Accounts Payable
  • Accounts Receivable
  • Cash Management
Final Closing

If this check box is selected, LN finally closes the period. The period has the status Finally Closed and you cannot reopen the period to process remaining transactions.

If this check box is cleared, the period has the status Closed, but you can reopen it.

Selection Range
Fiscal Period

If this check box is selected, you can specify a range of fiscal periods.

Reporting Period

If this check box is selected, you can specify a range of reporting periods.

Tax Period

If this check box is selected, you can specify a range of tax periods.

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