Opening Periods

You open a period by specifying the scenario, year, and period. A period can have a status of Unopened, Opened, or Closed. The default status for periods is Unopened. After a period is opened and a transaction has been entered, it can only be changed to Closed. It cannot go back to Unopened.

For each period, you can set the Match/Validate Before Post option and enter matching tolerances that apply to the Auto-Match and Manual Match processes. See Setting Match/Validate Before Post Option and Setting Matching Tolerances.

  To open periods:

  1. In the Browser View, expand Tasks and select IC Transaction Tasks.

  2. Select Manage IC Periods.

  3. From Scenario, select a scenario for the period.

  4. From Year, select a year for the period.

  5. Select the check box next to each period to open.

  6. Optional: In the Matching Tolerance column, enter a TID Tolerance amount or percentage, Account Tolerance amount, or Manual Matching Tolerance amount for the period.

  7. In the Match/Validate Before Post column, select an option:

    • If you require the system to check the match status before posting transactions, select Yes or Restricted.

    • If you do not require the system to check the match status, select No.

  8. Click Open Period.

  9. Optional: To save the settings for the period, click Save Period Settings.