General Ledger Q&A: Closing Books at Year End

November 2022    Tags: General Ledger, Year-End

I’ve completed reviewing the books for the previous fiscal year and am ready to close them. Is there a way to prevent users from posting or editing journal records for the previous year?

Once you are certain that no additional changes will be needed, you can update the Date through which books are closed setting. Once this value is updated, no additional changes can be made prior to the specified date.

To change the Date through which books are closed

1. From the Quick Launch, search for and select “Edit GLS Client.”
2. In the Journal Entry Date Restrictions section, specify the new value for the Date through which books are closed.
3. Press Ctrl+S.
4. Close the Edit GLS Client window.

Note: No user, regardless of assigned access profile or manager status, can make changes prior to the specified Date through which books are closed.