To close an accounting period in NetSuite ERP, go to Setup - Accounting - Manage GL - Manage Accounting Periods.

Closing an accounting period means changing its status from Open to Closed. A status of Closed indicates that posting transactions for the period have been completed. This status prevents posting to the general ledger for any dates included in the period, by anyone. Closing a period should be a final step, after a process of accounts review and reconciliation to ensure correctness and balance.

As one of the fastest growing financial management software solutions in the world, NetSuite ERP equips you with the tools you need to replace your existing spreadsheets and consolidate your core financial operations in the cloud. NetSuite allows you to eliminate redundant processes and systems and streamline – opening the door to more accurate accounting, billing, and accelerated quote to cash.

Learn more about NetSuite here: www.randgroup.com/oracle-netsuite/https://www.rand…

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