Close a Ledger Period

Close a Ledger Period

How do I change my ledger period from active to closed?

Cause:

• Journal entries may be posted only in an active journal period.

• The options for posting journal entries are blocked if the status code is either closed or compressed.

• The status should be set to closed when the posting is completed for the journal period in order to protect the Journal Period balances.

• The status may be changed back to active if adjusting journal entries are prescribed by the company accountant or auditor.

Resolution / How To:

1. Go to LDG > Select Journal Period

2. Highlight the period you want to close.

3. Key (Alt + E). This will put you in edit mode.

4. You can then select the period(s) you need to change by entering the number in the option box or highlight the period and then click OK.

5. The STATUS option will be open. Change from (1) active to (2) closed.

6. Enter.

Document written by A. Mueller