Closing Periods

At the end of the month, it is good practice to close the month to not allow any entries/events to be posted that could impact the financials/reporting.  The month can be reopened in the event that entries need to be made, such as year-end closing entries or other adjustments.   

Periods can be closed from Settings > Fiscal Periods.  

1. Open the fiscal year by clicking on the triangle to display months
2. click on the open icon  and the period will close  
   (the reverse will open the month)

Any unposted transactions  in a period must be cleared before a period can be closed.  Unposted Transactions can be seen listed in Finance > Month End. 

The example below shows that all months in fiscal year 2023 have been closed through to May.  June will need to address at least one unposted transaction before closing this period. 

   

More on Fiscal Periods

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