Close financial periods
Before you start
Before you close the period for the workspaces Customer ledger and General ledger, the VAT period must be closed for the financial period you want to close.
When all batches are posted, you can close a financial period. Follow the steps below to close a financial period in one operation via the General ledger.
- Select the periods you want to close. You can multi-select periods by selecting the check box of the last period you want to close.
- Click Close periods.
- If there are still open periods in other workspaces, confirm that you want to close them together with the general ledger periods.
If there are still open batches you will get an error message.
Normally you cannot post into closed periods, but you can change this if you go to theGeneral ledger preferences (GL102000) and select the option Allow posting to closed periods. This is also possible during an on-going financial year.