Accounting periods
After September is reconciled, the finance lead closes its posting window so a late entry cannot silently change the reviewed results. An accounting period controls posting access; a period-closing voucher performs the separate year-end accounting transfer.
On this page
Prepare a posting windowClose or reopen a periodWhen a document cannot postContinue withPrepare a posting window
Fiscal years are maintained under Accounting setup > Foundation. Create the next fiscal year before attempting to prepare periods outside the current year.
- Open Accounting > General ledger > Periods.
- Select New period and give the window a recognizable name and start/end dates inside the fiscal year.
- Review existing windows before creating another period. Confirm that the dates describe the intended reporting period.
Close or reopen a period
Use the period’s available status action and review the confirmation before changing it. Only an authorized user should reopen a period, with the reason retained. Recheck any affected reports after an approved late posting.
Reopening a normal posting period does not undo a completed period-closing voucher. Its accounting and lock boundary must be handled through the closing workflow.
When a document cannot post
- Check the document’s posting date, not just its creation date.
- Check both the fiscal-year range and the period status.
- Check whether a completed closing voucher also covers the date. Do not use a journal to bypass a closed interval.