Overview of Opening First Period

For all ledgers, primary, secondary, and journal and subledger level reporting currencies, open the first period of the ledger when you're ready to transact in that period.

1. To open the first period of your ledgers, navigate to the Open First Period task in the primary ledger task list.

2. Click the Go to Task icon.

3. On the submission page, select the ledger and the period to open.

4. Click the Submit button to submit the open period process.

You can use other ways to open the first period or subsequent periods without going into the Setup and Maintenance work area. You can maintain the ledgers' period statuses from the:

• Close Status region in the General Accounting Dashboard. The Close Status region provides real-time visibility into the period close process from your subledgers to your General Ledger across the entire enterprise.

• Manage Accounting Periods task in the Period Close work area.

• Process Monitoring work area, which provides a framework for submitting, monitoring and maintaining processes across Oracle Fusion Financials.