Visma.net ERP

Close financial periods (GL503000)

This topic gives you information about the elements that you find in this window in Visma.net ERP, such as fields, field values, buttons, and check boxes.

You can use this window to close financial periods in the General ledger workspace.
A period can be closed in the General ledger workspace only if it has been closed in the Cash management, Supplier ledger, Customer ledger, Inventory, and Fixed assets workspaces.

When you close a given financial period, all preceding active periods will also be closed if they have not already been closed.
The financial year is considered closed only when all periods of the year are closed.
For more details, see: About period-end closing procedures.

Generally, posting transactions to closed periods is not allowed.
To post to closed periods, select the Allow posting to closed periods option in the General ledger preferences (GL102000) window.

The window toolbar

Button	Description
Close periods	Initiates the process of closing the selected financial periods. The green OK icon appears in the form toolbar if the operation was completed successfully. The red icon indicates that the operation was cancelled because some necessary conditions were not met.
Unposted documents	Runs and opens the Unposted general ledger documents report.

The table

This table displays the active financial periods (in a tabular format) for the earliest year that has active periods.


Column	Description
Financial period ID	The identifier of the financial period.
Description	A description of the financial period.
Active	A check box that, if selected, indicates that the financial period is active.
Closed in supplier ledger	A read-only check box that, if selected, indicates that the financial period is closed in the Supplier ledger workspace; if the check box is cleared, it indicates that the period is active in the Supplier ledger workspace. To close a period in the Close financial periods (AP506000) window. For details see: About period-end closing procedures.
Closed in customer ledger	A read-only check box that, if selected, indicates that the financial period is closed in the Customer ledger workspace; if the check box is cleared, it indicates that the period is active in the workspace. To close a period in the Customer ledger workspace, use the Close financial periods (AP506000) window.
Closed in inventory	A read-only check box that, if selected, indicates that the financial period is closed in the Inventory workspace; if the check box is cleared, it indicates that the period is active in the Inventory workspace. To close a period in the Inventory workspace, use the Close financial periods (AP506000) window.
Closed in cash management	A read-only check box that, if selected, indicates that the financial period is closed in theCash management workspace; if the check box is cleared, it indicates that the period is active in the Cash management workspace. To close a period in the Cash management workspace, use the Close financial periods (AP506000) window.
Closed in fixed assets	A read-only check box that, if selected, indicates that the financial period is closed in the Fixed assets workspace; if the check box is cleared, it indicates that the period is active in the Fixed assets workspace. To close a period in the Fixed assets workspace, use the Close financial periods (AP506000) window.

Parent topic:

General ledger windows - overview