Close or reopen an accounting period

Steps

1. Open Accounting → Period close and set the start and end dates.

2. Choose Refresh checks and follow the checklist to resolve unapproved expenses, unposted journals, depreciation and other displayed blockers.

3. Choose Close period once the period is ready and verify the saved close result. Force close with blockers is an exceptional audited control and requires the corresponding authority.

4. For an authorised correction, enter Reopen reason against the saved close and use its reopen action; verify the period state before posting changes.

5. Generate Finance pack for the intended dates and retain the close/reopen record with the accounting review.