Re-opening a closed financial period
Silly question, How do I re-open a previously closed financial period? We've closed a number of months in our financial year which I now need to re-open.
Kerstin Pauquet replied
you need to get into the posting period window & then reactivate the periods in question.
In 2007, go to Administration -> System Initialisation -> Posting periods
Click on the orange link arrow of the period to be reopened & then change the period status to the appropriate one.
Lower than version 2007, the posting periods are here:
Administration -> System Initialisation -> General Settings -> Posting Period tab.
Please check the on-line help for info about the period statuses.
Also, you need to keep in mind that if you add any postings to any of these periods, all reporting must be re-run.
All the best,