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:

  1.  Access the Legal Entities list under Accounting - Administration - Legal Entities in the left hand navigation pane


  2.  Double-click the row of the Legal Entity record you wish to open
  3.  On the Legal Entity record, set the Closed Date using the date picker, and then Save the Legal Entity Record
  4.  Repeat this process for all Legal Entities on which you wish to set a closed date