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:

1. Open the Reporting Period Status window and search for the reporting transaction type and balance version for which you want to close the period.
2. Select the record. The reporting period status details for the record will be displayed in the Reporting Period Status Details table.
3. Select the record displayed in the Reporting Period Status Details table, right-click, and then click Close Reporting Period.