Use this window to enter, change, and view information about accounting periods in IFS Applications. The period calendar consists of a main calendar and calendars for each user group. Open periods for the previous year and several future years are created when a new company is created in IFS/Enterprise. These periods are based on calendar years with twelve periods per year. An accounting year can have either Open, Closed or Finally Closed status. All years, which are created when creating a company, are set to open status. By using the Open Up Closed Accounting Year action, a particular year that is in closed status can be changed to open.
Modify Accounting Calendar Information
Modify
Accounting Periods
Add
Year End Period
Open
Up Closed Accounting Year
Close
Period
Close/Finally
Close Accounting Period Main Calendar