Unlocking Fiscal Periods

Before you can post an entry to a fiscal period that has been closed, you need to unlock the period on the Fiscal Calendar screen. Once the entry has posted, you can relock the period.

Note: You cannot unlock a period that comes before a closed period. For example, to unlock Period 3, you need to unlock Period 4 first, if Period 4 is closed.

If a fiscal period is part of a fiscal year that has been closed, it cannot be unlocked.

To unlock a fiscal period

1. On the General Ledger menu, select Fiscal Calendar. The Fiscal Calendar screen appears.

2. Select the period that you want to unlock, and click Unlock Period. The status changes from closed to open.

Note: If you try to unlock a period that comes before a locked period, the following message appears: “You cannot re-open a period prior to a period that is closed!” Click OK to close the message. Then unlock all of the closed periods that follow the period you want to unlock before repeating step 2.

3. Close the Fiscal Calendar screen.

Now you can post entries to the period that you just unlocked. When you’re done, relock the period. For instructions, see Locking a Fiscal Period.