Run the programs on the End of Period menu at the end of each General Ledger period to close it correctly. General Ledger is always the last module to close.
You can access these programs from the GL End of Period menu.
End-of-Period Update, which is used to provide a false close-out and a true close-out. A false close-out can be run as many times as needed, and updates only ending balances for the current period, allowing you to run any financial reports for the period without having closed it. Information from a false close give you the information needed to the necessary journal entries for the current period, you can process the financials as needed. When the true close-out is run, the current period is closed. The ending balances are updated again and then rolled to the previous period. Current period journal entries are updated to the journal history file (if stored) and the period is incremented by one.
The true close-out cannot be run until all End-of-Period Updates have been run for all modules.