Period Statuses You Can Select
The statuses you can select depend on the current status, as described in this table.
Current Period Status |
Available Status Selections |
---|---|
Not Opened |
Future Entry or Open You can't change a period status to Open if any prior period status is Not Opened or Future Entry. |
Future Entry |
Edit this status to Open. |
Open |
Closed or Permanently Closed You can't edit a period to Closed if:
You can't edit a period to Permanently Closed if any prior period is Not Opened, Future Entry, Open, or Closed. |
Closed |
Open or Permanently Closed |
Permanently Closed |
After you permanently close a period, you can't reopen it and the application doesn't process transactions of any kind. Be sure that there are no new transactions, adjustments, payments, or any other outstanding transactions before you permanently close a period. |
The Closed status prevents running crediting, rollup, classification, or calculation. This protects the payment amounts from being changed. You can reopen a closed period. You can't reopen it when it's Permanently Closed.