Close financial period

To close a financial period, use the Close financial periods (FA509000) window.
You can only close a financial period if there no unreleased transactions for it; you can check this by using the Unreleased fixed assets documents (FA651000) report.

Before you begin

In accordance with your company's policies, you might need to take the following steps before you close a financial period in the Fixed assets workspace:

1. Make sure all the assets that must be depreciated are depreciated in the period to be closed.
2. Make sure there are no unreleased transactions for the period.

1. Go to the Close financial periods (FA509000) window.
2. In the table, select the appropriate check boxes to specify the financial periods you want to close.

   To select all the displayed active periods for closing, click the selected check box in the column header.

3. Click Close periods in the toolbar.