When a fiscal period is complete, you can fiscally close the period to make sure that no more general ledger entries can be posted.
On the Accounting Periods page, choose the Close Fiscal Period action.
If more than one fiscal period is not fiscally closed, the earliest one should be fiscally closed. A message appears to identify the period that should be closed and explains the consequences of closing it.
To fiscally close the period, choose the Yes button.
When the period is fiscally closed, the Fiscally Closed field is selected, and the Fiscal Closing Date field is updated for the period.
Close Years
Fiscally Close Years
Reopen Accounting Periods
Fiscal Periods and Fiscal Years
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