Close financial periods (IN509000)
You use this window to close active financial periods in the Inventory workspace, which is a required stage of closing a period in the general ledger.
(The financial period can be closed in the General ledger workspace only if it is closed in the Supplier ledger, Cash management, Customer ledger, and Inventory workspaces.) When you close a given financial period, all preceding active periods will be closed as well if they have not already been closed.
Posting transactions to closed periods is not allowed unless you have selected the Allow posting to closed periods check box in the General ledger preferences (GL102000) window.
The window toolbar
| Button | Description |
|---|---|
| Close periods | Initiates the process of closing the chosen financial periods or those for which you have selected the check box in the Financial periods area. Note When the operation is completed successfully, the |
| Unreleased Documents | Generates the list of unreleased inventory documents for the selected financial periods (that is, the periods you have selected in the table), so you can view their details. The system generates this report in the PDF format and opens the created document. |
| Unposted to Inventory documents | Opens the All unreleased documents (GL65601S) report, which displays a list of all transactions that were entered but not released during the specified financial period. |
icon is displayed. The 
icon indicates that the operation was cancelled because some necessary conditions were not met.The top part
This area has a table showing all currently active financial periods for the earliest year that has active periods. Select one or more periods for closing and click Close periods in the window toolbar.
A period can only be closed if there are no documents with the On hold, Balanced, and Released statuses to be posted to this period.
| Column | Description |
|---|---|
| Period | The identifier of the financial period. |
| Description | A description of the financial period. |
| Active | If you select this check box, the financial period can be used for posting transactions. This check box is read-only; to change the state of the financial period, use the Financial periods (GL201000) window. |