Financial Periods

Financial Periods controls the years and periods in which the selected company may post.

Concepts

What Is a Financial Ledger? explains immutable entries and reversals.
Financial Document Processing explains posting dates and periods.
Organizations and Companies explains company ledger separation.

Viewing financial periods

The list presents financial years and their status. Open a year to see its periods, date boundaries, and whether each period is open or closed. Always confirm the selected company before changing a period.

In use

A year or period is in use when documents have posted into it. Closing controls future posting; it does not remove or rewrite entries already recorded.

Create a new financial period

Use the available add action to create the next financial year and its periods. Date boundaries must be continuous, non-overlapping, and consistent with the company's financial-year start.

Make changes

Use the detail screen to review year and period boundaries and apply the permitted state changes. Structural date changes may be blocked after posting.

Change status

Open a period to permit eligible postings. Close it when processing and review are complete. Reopen only under the organization's period-control policy and close it again after the correction.

Delete

Delete only an unused future year where the screen permits it. Posted years and periods are permanent financial structure.