Managing Consolidation Journal Periods

Before you can work with Consolidation journals, you must open the time periods for the journals. By default, all periods have an initial status of Unopened. You can open and close periods at any time, but you cannot change an opened period to unopened.

To manage Consolidation journal periods, you must be assigned the application role of Consolidation Journals - Manage Periods, and the predefined role of Administrator or Power User.

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

If there are Approved journals in the period, you cannot close it. If you select to close a period that contains Working or Submitted journals, a warning message is displayed that non-posted journals were found for the period, but you can close it.

You cannot close a period if there are unposted auto-reversal journals in the period.

For information on working with journals, see the Working with Financial Consolidation and Close.

To open or close periods:

1. On the Home page, click Application.
2. Click Manage Periods.
3. For Scenario and Year, select members of the periods that you want to open.
4. Select the periods to open or close.
5. To open the selected periods, from the Actions drop-down, select Open, or to close them, click Close.