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Close the GL Period

Caroline Buckland Updated by Caroline Buckland

The process

Closing the General Ledger Period, this will close the current period and open the new period. Access can be given via security (facility denials) to allow a user to post to closed periods. Generally this will only be available for finance users.

We recommend that you check the Daily Checks menu before closing any system periods. In particular, check System Dashboard for any batches not fully processed as this could result in postings to an incorrect period. The Task Queue Controller should also be checked for any failed or task running.

For more information on the Daily Checks please review the reconciliation section.

 https://advancedfinancials.helpdocs.io/article/ccek4wghff-daily-checks

For system admin users, this is program EDX to deny access to closed and future periods and years.

1. Closing a Period

To access the Close Periods screen: General Ledger – GL Processes – Period/Year End – GL Period and Year End

 

2. Selecting a Company

Highlight the company you wish to close the period for.

Click on Close GL Period at the bottom of the screen.

If you wish to change both the GL period and all module periods at the same time, click on Close All Periods at the bottom of the screen.

3. Changing the Period

The GL Period will move on automatically.

 

Click the Update icon to close the period.

The new period will be displayed on the Period and Year End List. To continue moving GL forward, continue selecting Close Periods at the bottom of the page and Update.

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Trial Balance

Closing a Year & Closing the Last Year Adjustment Period

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