Page 40 - UNANET GOVCON: CLOSING A FISCAL PERIOD
P. 40

Close General Ledger


               Once all transactions are entered and posted to the General Ledger, this Posting
               Feature should be closed to prevent further posting in the current fiscal period. The
               Closing Posting Features for the General Ledger include:


                   •   Accounts Payable Revaluation
                   •   Accounts Receivable Revaluation
                   •   *Cost Pool Post
                   •   Fixed Asset Post
                   •   Intercompany Post
                   •   *Journal Entry

               *May choose to keep Journal Entry and Cost Pool Post open until Financial Statements
               have been reviewed; in case, the need to prepare and post any Correcting Journal
               Entries are required.




                 Activity 4.7 Close General Ledger
                       Login as Glenda Manager (GL Manager) – glmanager


               Activity Steps:
               1.      Navigate to Financials > General Ledger > Fiscal Period Close

               2.      Select General Ledger (Revaluations, Cost Pool Post, Fixed Asset Post,
                       Intercompany Post, and Journal Entry)

               3.      Select Close Period (verify the Fiscal Period has changed to the next period)




































        LESSON 4: GENERAL LEDGER                          Page 40
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