Menu Path: Accounts Payable Posting and Period Controls Accounts Payable Year Create
Open a new accounts payable posting year.
Use Accounts Payable Year Create to create new accounts payable years.
Note The accounts payable year you want to open must already exist in the general ledger. Use General Ledger Year Create to open a new year in the General Ledger module. When you open a new general ledger year, forward balances and retained earnings are calculated.
To open a new accounts payable year, enter a new year and click the OK button in the ribbon.
Note Creating a new year does not close the previous current year. You must use Accounts Payable Year Close to close a year.
Button |
Description |
Exit |
Click this button to close the Accounts Payable Year Create window. |
OK |
Click this button to create the new accounts payable year. |
Field or Button |
Description |
This field displays the current accounts payable year. |
|
Enter the accounting year you are opening. Note Opening a new year does not change the default accounting year. |