Change the posting period
When you change posting periods, client data moves to the next processing period.
note
- To change the posting period for a different client, close this dialog and select the desired client from any of the data-entry windows in which you can select a client, and then reopen this dialog.
- You can change the Period frequency for the client on theAccounting Informationtab of theClientsscreen.
- Because the application saves year-end distribution options, you can move between prior years and the current year without manually closing each fiscal year.
- Only equity accounts (those with a classification code of EQ assigned to it) are included in the drop-down list in the Account column.
Do the following to change a posting period:
- SelectActions, thenChange Posting Period.
- Select the year you're changing the posting period for.
- Select a posting period. The list of periods are based on the period end dates defined in thePeriod End Datesscreen.
- Go to the Close Posting Period section to select the posting period through which to close a client data to prevent adjustments from being made to those periods.noteThe Close Posting Period section is available only when the closed periods functionality has been enabled for Accounting CS by marking theEnable close posting periods for Accounting CScheckbox in theAccounting Informationtab of theClientsscreen.
- SelectOK.
- Mark theCarry forward tickmarkscheckbox to copy all tickmarks associated with a general ledger account within the source period to the destination period.
- SelectOK.noteYou won't be asked to carry forward tickmarks if you're already working in the destination period.
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Close a posting period to the next year
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