PENTA Learning Center is an evolving tool. Additional content is added as soon as it is available.

Close Accounting Period

Owned by Kyle Niekamp
Last updated: 06 16, 2022 by Claire Aleman

Overview:

The Close Accounting Period window allows you to initiate the process that closes an accounting period within the current fiscal year for a Balance Sheet organizational unit. Once an accounting period has been closed, only a few select individuals will have the accounting authorization level required to make adjustments to the period. 

Benefits:

  • Locks down the accounting period to ensure the financials/transactions do not change outside of an audit adjustment or similar exception

Roles:

  • Controller
  • CFO

Location:

  • Financial & Accounting > Processing > Accounting Closes > Close an Accounting Period

Video:

Have feedback? Copy URL for this page and click here: https://www.surveymonkey.com/r/SBZKYY7

Confidential Proprietary Information - For Penta Customer Use Only
Penta Technologies continuously strives to improve customer content, therefore, information is subject to change at any time.