Use this screen to close accounting periods to data entry. The closing process checks for unposted transactions, deletes posted timesheets in Payroll, and changes the period's status to Closed on the Manage Accounting Periods screen.

You must post the following transactions for the selected fiscal year and period before you can close the period:

• Vouchers
• Journal entries
• Allocation journal entries
• Cash receipt
• Cash disbursements
• Manual bills
• Unit usage
• Intercompany receivables
• Labor distribution (timesheets)

The period must be closed in Fixed Assets, if applicable, before you can close the general ledger accounting period. You must also post all transactions for the selected fiscal year and period in Inventory and Sales Order Entry, if applicable, before you can close the accounting period.

You can close a period multiple times, if necessary. If you need to reopen a closed period, do so on the Manage Accounting Periods screen. If you reopen a period, you must run the Close Periods process again when you are ready to close it.

See Closing the Accounting Period for more information.

Only one person at a time can use this screen.