Opening Financial Periods

In this chapter, you will find general information on how to open financial periods, a checklist for system implementation, and an activity that describes how to open financial periods in subledgers and in the general ledger.

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Opening Financial Periods: General Information

You have to open the financial periods to which users will post transactions and documents. If you need to review the statuses of periods before opening periods, you open the Master Financial Calendar (GL201000) form if the Centralized Period Management feature is enabled on the Enable/Disable Features (CS100000) form, or the Company Financial Calendar (GL201100) form if this feature is disabled. On either form, you click Open Periods on the More menu to navigate to the Manage Financial Periods (GL503000) form. You can also navigate to this form directly if you do not need to review the statuses of periods.

If the Centralized Period Management feature is disabled, you have to open financial periods separately in each company on the Manage Financial Periods form.

Opening Financial Periods: Implementation Checklist

To ensure that the system has been configured properly for the opening of financial periods, make sure that the criteria listed in the table have been met in the system as described.

Opening Financial Periods: Process Activity

In this activity, you will learn how to open a period in the subledgers and in the general ledger.

Opening Financial Periods

[anchor|#section_cgj_mjv_vxb]In this chapter, you will find general information on how to open financial periods, a checklist for system implementation, and an activity that describes how to open financial periods in subledgers and in the general ledger.
==In This Chapter{nestedtopics}==
*[HelpRoot_GeneralLedger\Finance_OpeningFinPeriods_GeneralInfo|Opening Financial Periods: General Information]
*:You have to open the financial periods to which users will post transactions and documents. If you need to review the statuses of periods before opening periods, you open the [HelpRoot_FormReference\GL_20_10_00|Master Financial Calendar] ([~/?ScreenId=GL201000|GL201000]) form if the ''Centralized Period Management'' feature is enabled on the [HelpRoot_FormReference\CS_10_00_00|Enable/Disable Features] ([~/?ScreenId=CS100000|CS100000]) form, or the [HelpRoot_FormReference\GL_20_11_00|Company Financial Calendar] ([~/?ScreenId=GL201100|GL201100]) form if this feature is disabled. On either form, you click '''Open Periods''' on the More menu to navigate to the [HelpRoot_FormReference\GL_50_30_00|Manage Financial Periods] ([~/?ScreenId=GL503000|GL503000]) form. You can also navigate to this form directly if you do not need to review the statuses of periods.[anchor|#note_shj_mjv_vxb]((({S:Hint}If the ''Centralized Period Management'' feature is disabled, you have to open financial periods separately in each company on the [HelpRoot_FormReference\GL_50_30_00|Manage Financial Periods] form.)))
*[HelpRoot_GeneralLedger\Finance_OpeningFinPeriods_Implem_Checklist|Opening Financial Periods: Implementation Checklist]
*:To ensure that the system has been configured properly for the opening of financial periods, make sure that the criteria listed in the table have been met in the system as described.
*[HelpRoot_GeneralLedger\Finance_OpeningFinPeriods_Process_Activity|Opening Financial Periods: Process Activity]
*:In this activity, you will learn how to open a period in the subledgers and in the general ledger.