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changes.mady.by.user Gamze Kaya

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5. Opening slip is generated.

Image Added

The criteria which will apply for the period closing transaction are set in the filter lines of Close Fiscal Period window. The filter options are:

Filter

Value

Calculation Year

Fiscal year specified in company definition (or 2 years earlier)

Organizational Unit

Group / Range

Chart of Accounts

Main Chart of Accounts / Second Chart of Accounts / Third Chart of Accounts

Balance Sheet

Balance sheet selection

G/L Slip Type (Opening)

G/L slip type selection

G/L Slip Type (Closure)

G/L slip type selection

Period Closing Method

By Organizational Unit / By Subsidiary

After completing period closing transaction, closing slip is generated on Org. Unit basis for the last day of the calculation year, and opening slip is generated on Org. Unit basis for the new period.



Warning

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

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  • 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

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  • whenperiodclosing operation is 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

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  • inclosingslip.
  • 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.

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  • Iforganizationalunit is 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.