How to Reopen a Closed Accounting Period

In this system, accounting periods and year ends are managed automatically based on your pre-configured financial calendar. While you don’t need to manually close each period, you can restrict postings into earlier periods by setting a backposting prevention date.

Reopening a closed period simply means removing or adjusting this backposting restriction to allow transactions to be posted with earlier dates — useful if you need to correct an entry or process a late invoice after month-end has been completed.

How Periods Work in the System

• The system automatically manages period and year-end dates based on your configuration.

• Periods roll forward as time progresses — there’s no need for manual closing.

• You can manually enforce a posting cut-off using the backposting prevention tool.

• This does not affect reporting or visibility — only the ability to post new transactions dated before a certain point.

How to Reopen a Closed Period

If you need to allow postings into a previously locked period:

1. Go to Accounts > Nominal Ledger > Utilities > Setup > Back Posting Prevention.

2. Adjust the cut-off date:

   • Change it to an earlier date to reopen that period.

   • Or remove the date entirely to allow unrestricted backposting.

3. Save your changes.

Once this is done, users will be able to post transactions with dates prior to the updated cut-off.