Select the name of the closing period to post to. This field is available only if you select Closing in the Type field, and ...

Select the name of the closing period to post to. This field is available only if you select Closing in the Type field, and you enter a posting date for which multiple closing periods are defined for the fiscal calendar that is selected for the ledger. For example, your organization defines two closing periods with the same dates, one for regular closing postings and one for auditor closing postings. In the closing sheet, after you enter a posting date, you must specify which of the two closing periods to post to because the posting date falls within the dates for both closing periods. This list includes only closing periods that are open and that have a closing period date in the Fiscal calendars page that is the same as the date in the Post field.
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