Close accounting period

The Close Accounting Period page displays the last set cut-off date. You update the date when a new accounting period ready is ready to close.

Note: All invoicing periods must be processed before the required cut-off date. You cannot close a reporting period if they have not been processed. An error is displayed if you attempt to close a reporting period that contains unprocessed invoice periods.

This task explains how to close an accounting period.

  1. Click Close Reporting Period under Reporting on the Configuration and Tools page.
    The Close Accounting Period page is displayed.
  2. Click Calendar icon to the right of the Close accounts before field.
    A calendar showing the current month is displayed.
  3. Click the required close date.
    The calendar closes and the selected date in added to the Close accounts before field.
  4. Click Close.
    A Please confirm window is displayed.
  5. Click Continue.
    The Configuration and Tools page is displayed.