General Ledger Period Update

Menu Path: General Ledger $Images\bluerarw.gif$ Posting and Period Controls $Images\bluerarw.gif$ General Ledger Period Update

Purpose

Change the current general ledger posting period.

Use General Ledger Period Update to change the default general ledger accounting period.

To change the current default period:

If your company uses consolidation ledgers, verify the ledger ID for which you want to change the default period is entered in the Ledger ID field.
Click the Lookup button at the right of the New Current Period field. The Browse dialog box appears and displays open periods.

Note Only open periods display in the Browse dialog box. If the period you want to use is closed, you can open it in General Ledger Period Open.

Double-click the new period.
Click the OK button in the ribbon. The default period is changed. The new period will be the default period displayed in all general ledger windows.

Note Changing the current accounting period does not close a period. You must use General Ledger Period Close to close a period.

Button	Description
Exit	Click this button to close the General Ledger Period Update window.
OK	Click this button to save the new period.

Field or Button	Description
New Current Period	Click the Lookup button to select the new current accounting period.
Ledger ID	Enter a ledger ID for which to change the default accounting period, or click the Lookup button to select a ledger ID. Note This field is only available if at least one consolidation ledger is set up.
Current Period	This field displays the current accounting period.
Current Year	This field displays the current accounting year.