Support ›› Manual ›› Accounts Management ›› Operations ›› Recurring Procedures ››
Posting Period Closing
Use this sub-module to close a posting period.
To access this window, click :Accounts Module - > Operations - > Recurring Procedures - > Posting Period Closing.
The following screen will open up:
Posting Period Closing Fig 1.
On the above screen:
Posting Period - Click on the look up icon
to open a Posting Period Lookup dialog box:
Posting Period Closing Fig 2.
Select the posting period to be closed.
The Created Date, start date & end dates will be automatically populated to the respective fields.
NOTE : You can only close a posting period whose status is active.
A posting period is due for closure once all reconciliations for that year are done, else the closure won't be successful.
Also ensure the appropriation ledger is properly linked under G/L Account determination.
See below:
For the highlighted System GL Account code, look up and select the ledger to be mapped from the mapped gl account name then update.
To close the selected posting period, click on the UPDATE Button.
On successful completion you will get a pop up message confirming that the operation was successful.
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