Closing a Period

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Accounting > Monthly > Open/Close Periods

· Generally, the Financial Statement has been submitted and accepted by the OEM before closing the Open period.

Within the Open/Close Periods Screen:

1. Click the [Continue] button to the prompt: “You should have completed posting to period ##. If you click continue, you will no longer be able to post to period ##.”

2. Inside the Closing Period window, click the [OK] button to close the open period.

3. Click either the [Yes] or [No] button to the prompt: “Would you like to post your automatic entries to the ahead period?”

∟ If [No] is selected, the user may post the automatic entries at a later time by going to Accounting > Monthly > Post Automatic Entries.

∟ See Posting Automatic Entries for more information.