By using this form, you can close Open financial periods in the fixed asset subledger. A financial period can be closed in the general ledger only if it has been closed in the accounts payable, accounts receivable, cash management, inventory, and fixed asset subledgers. When you close a given financial period, all preceding open periods will be closed as well. Also, you can use this form to reopen Closed financial periods.
A financial period can be closed in the fixed asset subledger if all the assets have been depreciated in all the branches of the company.
By default, the ability to post transactions to closed periods is granted to only users assigned to the Financial Supervisor role on the User Roles (SM201005) form. To give all users the ability to post to closed periods, you clear the Restrict Access to Closed Periods check box on the General Ledger Preferences (GL102000) form.
The form toolbar includes the buttons described below.
You use the elements in this area to specify the action the system should perform on the financial periods you select for a specific company (which you can select as well). You can also select the date range (in financial years) of the periods to be listed in the table.
For the Close action, the table displays all periods from the selected year range that are open in the fixed assets subledger; for the Reopen action, the table displays all periods from the selected year range that are closed in the fixed assets subledger. Select any number of periods for closing or reopening, and then click Process on the form toolbar; you can instead click Process All. A period can be closed only if there are no unreleased documents in this period.