Booking transactions dates is determined by the Closed Date on the Legal Entity. Setting this date will mean no transactions can be Approved or edited with a date less than or equal to the Closed Date for any locations in that Legal Entity. If you are using the Advanced Close feature, you are also able to close a period through the Advanced Close Maintenance Screen.
If you are not using the Advanced Close feature, follow the steps below to Close a Period:
- Access the Legal Entities list under Accounting - Administration - Legal Entities in the left hand navigation pane
- Double-click the row of the Legal Entity record you wish to open
- On the Legal Entity record, set the Closed Date using the date picker, and then Save the Legal Entity Record
- Repeat this process for all Legal Entities on which you wish to set a closed date