Enter, or click to select, a parameter ID of up to 15 alphanumeric characters. Choose characters for your parameter ID that help identify the type of selections you made on the screen, such as PERIOD or QUARTERLY.

When you save your record, all the selections made on the screen are stored with the parameter ID. Later, you can retrieve the parameter using Query.

You can use the parameter to run the process more efficiently because you can select the parameter ID with its previously defined screen selections. After the default selections display on the screen, you can override the defaults.

Enter, or click to select, a parameter description of up to 30 alphanumeric characters.

Enter, or click to select, the fiscal year for the period to be closed.

Enter, or click to select, the accounting period that you want to close. When you close a period, Costpoint assigns the Not Available status to all of its subperiods.

After you close a period, if the total number of open periods in all fiscal years is less than the entry in No of Periods to Keep Open on the Configure General Ledger Settings screen, Costpoint opens the next "not available" period. If no eligible periods exist, a warning message is displayed.

Select this option to test the data in the selected fiscal year and period to make sure that you can close the period. The test process checks for unposted transactions.

You must test the data before you can close a period. You can do that in one of two ways:

• Select the Test/Close Pd option and run the process to both test and close.
• Select the Test option, run the process, select Close Pd, and run the process again.

The Close Pd option is not available if you have not run the process using the Test option.

This process does not check for unposted sales order entry invoices unless you have purchased Sales Order Entry and does not check for unposted inventory transaction records unless you have purchased Inventory.

• If you select Close Pd, Costpoint moves the unposted transactions to the first subperiod of the following period within the fiscal year for which you are closing a period. Costpoint does this without verifying whether the accounts and projects are active for the new fiscal year/period combination.  (Note that Costpoint does not move unposted transactions in this case if you are closing the last period of a fiscal year.)
• If Costpoint finds any unposted transactions with a status of Hold or Over Budget, it displays a message and asks if you want to continue testing.
• If Costpoint finds any unposted transactions with a "non-hold" status (such as timesheets), it stops the process and displays a message to tell you that the transactions must be posted before you can close the period. The message also lists any journals that have unposted transactions.
• If you use Fixed Assets, you must also close the same period in Fixed Assets before you can close the accounting period. Use the Close Fixed Assets Accounting Period screen to close the fixed assets period.
• Costpoint also tests the Standard Bills, Customer Product Bills, and Project Product Bills journals for unposted entries. If any of these journals contains unposted transactions for the selected fiscal year and period, Costpoint displays a message to tell you so and to give you the option of continuing or canceling.
• If you use Payroll and the Payroll Journal has not been posted, Costpoint displays a message to tell you so. Costpoint also checks timesheets for inclusion in payroll posting, whatever fiscal year and period you are closing.

Select this option to close the period. This option is disabled if you do not first run the process with the Test option selected to verify whether or not the period can be closed. This option is also disabled if the test locates any unposted transactions with a status of "non-hold." After you post those transactions, you must run the process again with Test selected.

Select this option to test the period data and then close the period in a single process. This process performs the same tests as when you select the Test option. However, if anything fails the test, the process does not close the period. (See the explanation of the Test option above for a description of the test process.)