Close Period

Introduction

The Close Period program:

§   Closes the current period.

 

§   Opens the next period as the new current period.

 

§   Opens the new next period.

 

§   Rolls forward the cash book and company period totals.

 

§   Clears the cash book next period balances.

 

§   Processes any standing orders which are due.

 

Before closing the period, you should ensure the following procedures are carried out:

§   Ensure that all relevant postings from sub-systems, such as Creditors Ledger and Debtors Ledger, are transferred into Cash Manager.

 

§   Close all current period batches.

 

§   Delete all empty batches.

 

§   Print the daybook.

 

§   Close the session.

 

§   Print the end of period reports and any other reports required for the current period.

 

§   If manual posting to General Ledger is in use, create the General Ledger transfer file.

 

§   Back up your data.

Warning

After the period has been closed, there is no mechanism for transferring data from sub-systems into the closed period.

More:

Close Period Window