General Ledger Open Periods
The ability to make entries to a GL period is controlled in GL - Organization - Organization:
There are three fields of primary interest here:
1. Current period: This controls which period will show by default on your reports and is used as a starting point for the Future open periods. If you cannot make entries in the calendar month you are in you most likely need to change the Current period to make it more current.
2. Future open periods: The number of periods that are added to the Current period.
3. Last period closed: This controls how far back in time you can make entries. If you need to make an entry in the past and the period you need to make an entry in is not available this period needs to be set back to the period before the period you need to make an entry in.
Why don’t I see period zero (00/YY) in Checkout?
If you are completing your year-end steps for General Ledger, one of the steps is to run Checkout for period zero. There are times when you cannot see period zero and you are only seeing periods from the prior fiscal year. This is because your ...
How do I close a period?
When you finish reconciling the bank statement, use this routine to close a period. When you close a period, users cannot make any changes in the period closed. You do have the ability to reopen the period if you have the proper permissions. To ...
How do I close year-end in General Ledger?
Closing the year-end is a step in the Year-end Checklist. When you are done with the last month of the year, your ready to close the year end. Closing the year-end is a "soft close", which means Connect will add one year of future dates and you can ...
BUDGET PERIODS Budget periods are used by the system to determine which fiscal year the budget amounts belong to. They also determine whether the budget amounts are adopted amounts or whether the amounts are being used for projection purposes. ...
How do I reopen a closed period?
If you have the proper permissions, you have the ability to reopen a closed period. Follow these steps: 1. Open General Ledger > Organization > Organization. 2. Find the Last period closed field. Change the field to the period preceding the period ...