Show me a how-to walk-through in the app
1. Open Closed Periods Section
First, navigate to the Closed Periods option in the left-hand menu.
2. Access Periods List
Next, click on the + icon to open the Periods page where you can manage individual accounting periods.
3. Alternate Period Closure Button
Or you can select the Close Period button.
4. Choose Period End Date
Use the Set Period End Date field to select the date you'd like to close the period. Please note: the end date cannot be past the current date.
5. Confirm Period Closure
When you're ready, click the Close Period button to finalize the selection and proceed with closing the period.
6. Finalize Closure Confirmation
You will be prompted as to whether unposted transactions should be posted in the current period or moved to the new period. Click the Confirm button to complete the period closing process and update the records accordingly. Once you close the period, period-end reports are available from the Closed Periods module.
7. Protect Period Details
If you'd rather protect the period, go back to the Closed Periods module and click the Close Period button within the Periods section to begin the process of protecting a specific period.
8. Access Period Details
Then, use the Set Period End Date field to choose the accounting period you want to protect.
9. Activate Protect Period Feature
Click the Protect Period button to secure the selected period.
10. Review Disclaimer
Lastly, review the disclaimer and click Confirm, once ready.
Note: When you protect a period, users will be warned when posting transactions or committing POs within the protected range. The system will not prevent the user from posting transactions or committing POs within the protected range.
Protected periods may be closed at a later date by following the instructions at the beginning of this article.
That's it. You have successfully closed or protected a period in Greenslate. If you have any questions or need more help, please visit our Help Center or reach out via email or chat.