How do I change my ledger period from active to closed? [Quick Tip]

Cause:

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

• If the status code is closed or compressed, posting journal entries is blocked

• The closed status should be used when posting is complete for the journal period to protect the journal period balances.

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

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

5. Enter.