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  • Open GL Period
  • nishitD
  • 2015-05-14 11:08:49
GL period is a specific combination of a calendar and a ledger. You can use a single calendar for multiple ledgers. You need to open a GL period before trying to do any inventory or financial transaction.
System allows you to create journals in never opened periods but you can’t post those journals in General Ledger. You can only post journals in open period.


Though, system allows you to open multiple periods, it’s advisable to have only one open period at a time.

To view period status of a ledger or to open a period in a ledger, navigate to General Ledger -> GL Period, Select the ledger name from the ledger list of values and click on the refresh button. System will show you all the existing & available periods for the ledger. You can open the next available period from this form.

Ledger:
Select the ledger name for which you want to view the period details.

Current Open Period:
Current open period is a read-only field and shows the latest open period.

GL Calendar:
Calendar shows the name of the next available period.

Status:
Status shows the status of the next available period.

Open Next Period:
Click on open next period button to open the next available period. You can open only one period at a time.

Period Id:
A system generated unique key for the gl_period table. Period Id is a read-only field.

Period Name:
Name of the period same as calendar name.

Status:
Status field shows the status of the period.

Year Number:
Year number is a read-only field and the value defaults from the calendar definition.

Quarter Number:
Quarter number is a read-only field and the value defaults from the calendar definition.

Period Number:
Period number is a read-only field and the value defaults from the calendar definition.

From Date & To Date:
Both from-date & t-date are read-only fields and the value defaults from the calendar definition.

Calendar Name:
Calendar name is a read-only field and the value defaults from the calendar definition.
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