Opening Intercompany Periods

Before you can enter, load, or process intercompany transactions, you must first open the period for the transactions. 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 revert to Unopened.

For each period, you can set the Match/Validate Before Post option and specify 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 intercompany periods, you must have the Application Administrator security role.

To open periods:

1. Select Consolidation, then Intercompany, and then Periods.
2. From Scenario, select a scenario for the period.
3. From Year, select a year for the period.
4. Select each period that you want to open.
5. Optional: Enter a Transaction ID Tolerance amount or percentage, Account Tolerance amount, or Manual Tolerance amount for the period.
6. 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 Restrict.

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

7. Click Open Period, or select Actions, and then Open Period.

   The current status of the period changes to Opened.

8. Optional: To save the settings for the period, click Save Period Settings, or select Actions, and then Save Period Settings.

   Tip:

   To restore the periods to their original status without saving changes, click Restore, or select Actions, and then Restore.