How to: Fiscally Close Accounting Periods

When a fiscal period is complete, you can fiscally close the period to make sure that no more general ledger entries can be posted.

Note

When a period is being closed, any simulation entries that may exist are found and deleted.

To fiscally close accounting periods

In the Search box, enter Accounting Periods, and then choose the relevant link.
In the Accounting Periods window, on the Navigate tab, in the Fiscal Closing group, choose Close Fiscal Period.

If more than one fiscal period is not fiscally closed, the earliest one should be fiscally closed. A message appears to identify the period that should be closed and explains the consequences of closing it.
To fiscally close the period, choose the Yes button.

When the period is fiscally closed, the Fiscally Closed field is selected, and the Fiscal Closing Date field is updated for the period.