Opening and Closing Periods

Before you can post journals, you must open the periods for each scenario to which you want to post. You cannot post journals to an unopened or closed period.

By default, all periods have an initial status of Unopened. You can open and close periods as needed. However, after you open a period, it can never revert to the Unopened status.

You cannot close a period if there are unposted auto-reversals in the period. If you close a period that contains approved journals, a warning message is displayed.

Web Procedure

  To open or close periods:

  1. In the Browser View, expand Tasks and select Journal Tasks.

  2. Select Manage Periods.

  3. From Scenario and Year, select Scenario and Year members.

  4. Select the periods to open or close.

  5. Take one of these actions:

    • To open the selected periods, click Open.

    • To close the selected periods, click Close.