Accounts Payable Year Close

Menu Path: Accounts Payable Images\bluerarw.gif Posting and Period Controls Images\bluerarw.gif Accounts Payable Year Close

Purpose

Overview

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.

Ribbon Home Tab Buttons

Button

Description

Exit

Click this button to close the Accounts Payable Year Close window.

OK

Click this button to close the accounts payable year.

General Tab Fields and Buttons

Field or Button

Description

Year

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.