Review and close an accounting period
Period closure protects approved work under system controls. An incorrect date or unposted documents can leave reports incomplete.
Last reviewed
Before you start
Select the correct company and verify permissions. Learn in a test workspace; posting or restoring can change actual data.
Workflow
- Identify the period and its boundaries; review pending invoices, vouchers and entries within it.
- Review cash, banks, checks and party balances; inspect reconciliations and unmatched operations.
- Open trial balance and statements for the same period and currency; investigate differences before closure.
- In Periods and closing, use the action permitted for your role and carefully review confirmation and date.
- Reopen the period view and check its state; review the log if a correction or authorized reopening is needed.
Watch this distinction
Do not change a document date to evade a closed period. Review corrections with your accountant and preserve a clear audit trail.
Verify the result
Reopen the record and check saved values and state. For financial operations, compare the document with the relevant movement and report before continuing.