Close an Accounting Cycle

If you want to close an accounting cycle, the associated periods must all be closed, the temporary accounts must all have a balance of zero, and the prior cycle must be closed or locked.

Once an accounting cycle is closed, no further transactions may be recorded against its accounts.

Note: When a cycle is closed, it or another previously closed cycle may be locked depending on the Cycle Lock configuration value set in System Configuration. Locked cycles cannot be re-opened.

Close an accounting cycle

1. Select Accounting Cycle from the Chart of Accounts menu, and the Accounting Cycle window opens.

2. Check the box(es) for the accounting cycle(s) you want to close, and select Close Cycle from the More menu. You're notified of success or failure.

Return to Accounting Cycle Overview