Close Reporting Period
Explanation
This activity is used to close a reporting period for which the transfer of
balances from reporting entities and adjustments are finalized.
Prerequisites
In order to perform this activity, a complete balance transfer should have
been carried out.
System Effects
As a result of this activity, the reporting entity period status of the
selected reporting period changes to Closed.
Window
Reporting Period Status
Related Window Descriptions
Reporting Period Status
Procedure
To close a reporting period:
- Open the Reporting
Period Status window and search for the reporting transaction type
and balance version for which you want to close the period.
- Select the record. The reporting period status details for the record
will be displayed in the Reporting Period Status Details table.
- Select the record displayed in the Reporting Period Status Details
table, right-click, and then click Close Reporting Period.