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Points to consider after and during the fiscal period closing:

• Fiscal period closing is performed considering the G/L slips in Approved status only.
• Transactions of G/L slips which are closed previously and for which a closing slip is generated cannot be modified.
• Users can generate G/L slips for the last 3 fiscal years even after running period closing for the date range specified inBatchtransaction and opening a new period. For instance, if G/L slips generated in 2010 are deleted after opening a new period for 2011, and user attempt to generate G/L slips for 2010, slips which are applied Batch operation in 2010 are not applied this operation again whenperiodclosing operation is operationagainwhenperiodclosingoperationis run. Only the relevant slips which are generated later are subject to this operation.
• Debt and credits which have the same account code in G/L slip are written under the opposite headings inclosingslipoppositeheadingsinclosingslip.
• If the opening slip is Approved, closing slip's approval cannot be removed. Opening slips are not in Approved status when they are first generated.
• Closing slip can be deleted if it is not approved.
• Iforganizationalunit is Iforganizationalunitis not specified while running fiscal period closing transaction, the organizational unit specified for the slip line transactions is considered, and closing slip is generated for this unit. If there are transactions with different organizational units, multiple closing slips can be generated.