Reopen accounting periods

When a single fiscal period is fiscally closed, it might be necessary to reopen it to post general ledger entries.

Note

After the year that the accounting period belongs to is fiscally closed, you can't reopen it.

Steps to reopen accounting periods

1. Choose the icon, enter Accounting Periods, and then choose the relevant link.

2. Choose the Reopen Fiscal Period action.

   If more than one fiscal period is fiscally closed, the last one should be reopened. A message appears that identifies the period that should be reopened and explains the consequences of reopening it.

3. To fiscally open the period, choose the Yes button.

When the period is reopened, the Fiscally Closed field is cleared, and the Period Reopened Date field is updated for the period.

Related information

• Close Years
• Fiscally Close Years
• Fiscally Close Accounting Periods

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