Menu Path: Accounts Payable Posting and Period Controls Accounts Payable Year Close
Close an accounts payable accounting year.
Validate that all periods for a year are closed.
Use Accounts Payable Year Close to manually close a year.
To close an accounts payable accounting year, select the year to close and click the OK button in the ribbon. The software validates that all accounts payable accounting periods for the year have been closed.
Note You must use Accounts Payable Year Create to open a new accounts payable year.
Note With proper security authorization, you can continue to post transactions against the year by selecting the year as the accounting year for your transaction. This applies to all areas of the system including accounts payable, accounts receivable, and the general ledger. The authorization for posting to prior years is defined in User Profile Maintenance.
Button |
Description |
Exit |
Click this button to close the Accounts Payable Year Close window. |
OK |
Click this button to close the accounts payable year. |
Field or Button |
Description |
Click the Lookup button to select the year you want to close. Note You cannot close a year if the year has any open periods. |