How to Open an Accounting Period in D365
At month-end, Accounting will ask you to open the next accounting period. We keep future periods on hold to prevent users from accidentally posting transactions in the wrong months. We only open the next accounting period to access when given the ok to do so by Accounting.
To do this, navigate to:
General ledger >> Calendars >> Ledger calendars
This will open the Ledger calendars page.
Find and select the period you wish to open on the left pane.
For the company you want to open the period for, change the Period status from On hold to “Open”
Do NOT pick “Closed”. Typically we will place the period on full-hold, and someone will have “One more” entry to make. If you place the period on Close, it’s done and can not be reopened.
When you’re done, close the window. Be sure to let the requester know.