You can close a specific financial period to ensure that
no more transactions are entered in that period.
Procedure
- In the Chart of Accounts application, select the organization
for which you want to close a financial period.
- Select the Financial Periods action.
- In the Financial Periods window, specify
the actual close date for the financial period that you want to close. Your name is displayed in the Closed By field.
Results
After you close a financial period, financial transactions
for that period are no longer accepted.