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Close a Fiscal Period

Vie, 2018-05-11 05:32 — santoshkumar

Overview

The system should provide the functionality to close the Open fiscal period. This functionality will not run any end-month closure process like ledgers, etc.  such end-month closure process will be described as part of the General Ledger module. The Closed Fiscal Period for Regular Transactions will avoid posting transactions to regular users against such Fiscal Period and will allow starting a new Fiscal Year.  Users with special access grants are the only ones who can post transactions against a Fiscal Period which is Closed for Regular Transactions.
When closing a fiscal period for regular transactions and there are still transaction that are not in final state the system will displays an error message "There are still transactions not in the final stage of the workflow"
All transactions that are not in final stage are to be carried over to the next open period.

Navigation

Admin ► Common Entities ► Fiscal Years & Periods ►Close a Fiscal Period

 

Close a Fiscal Period screen Fields

FieldDescription
Fiscal YearFiscal year to which the fiscal period to be closed belongs to.
Fiscal PeriodThe fiscal period to be closed is selected here.
Period Closer TypeWhether the period is closed completely or closed for the regular transaction is selected.
Delete Temp-Saved Transactions

This feature allows the user to delete all the temp saved transactions.
Note: At a time only one checkbox should be selected.

Bring Temp-Saved Transactions to Next Open PeriodWhether Temp saved transactions to be closed fiscal period, should be carried to the next open period.
Note: At a time only one checkbox should be selected.