Closing Intercompany Periods

After processing intercompany transactions, you can close the period to prevent modifications to the transactions. If you select the Match/Validate Before Post option, you must post all matched transactions and all mismatched transactions with a reason code. Although the period is locked for future transactions, you can view transactions and run reports for the period.

To close intercompany periods, you must have the Application Administrator security role.

To close a period:

Select Consolidation, then Intercompany, and then Periods.
From the Scenario list, select a scenario for which to close periods.
From the Year list, select a year in which to close periods.
Select the period or periods to close.
Click Close Period, or select Actions, and then Close Period.