Close an accounting period

Close a period from Menu > Accounting > Accounting periods after its transactions have been reviewed and reconciled. A closed period does not allow general ledger posting.

Before you begin

You need permission to manage accounting periods. Complete the period close checks required by your company. Closing a period also closes all earlier open or locked periods.

Close an accounting period

1. Select Menu, then select Accounting > Accounting periods.
2. Open Record actions for the period and select Close. You can also open the period and select More actions > Close.
3. Confirm the action when prompted.

The selected period and earlier periods show Closed status.