Period Close (AM190)
Run Period Close (AM190) to close a period for all asset books for a company or company group.
Caution:
Once you run AM190 with the Release option set to Yes, AM190
is irreversible, which is why you should back up the data before running the
program.
Caution:
Do not use this program to close the last period of a short
year. Use Short-Year Final Period Close (AM192) instead.
Before you run this program, make sure that the following steps have been performed:
- You have released all asset records (AM170).
- You have calculated the current period depreciation (AM180).
- You have run all the reports to make sure the asset entries are accurate and made any corrections necessary.
- You have backed up the data (strongly recommended).
You must select either a book or book group, AND either a company or company group.
Run AM190 with the Release option turned to No first to check the results without posting them.
More Information
When you have closed all periods for a given book for a company or company group, run Year End Close (AM195) to close the year.