FINANCE Finance and Accounting task guide
8.2.3 Open, Close, and Reopen Periods Open Accounting Periods. Select New Period to create a new fiscal period. Before closing a period, review the close checklist and complete unresolved items. Select Close when all close prerequisites are met. Select Reopen only under controller approval.
Open Accounting Periods. Select New Period to create a new fiscal period. Before closing a period, review the close checklist and complete unresolved items. Select Close when all close prerequisites are met. Select Reopen only under controller approval.
Source: Eprecus user manuals, vol-04-finance-accounting.pdf