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Administrator Guide
Last Updated: 2024-09-20
Start a Close Process in AP&C

Start a Close Process in AP&C

  • Create ledger years and ledger periods.
  • Create a checklist to manage year-end closes directly in Workday using the Period Close Event business process.
Close open ledger periods for companies in Adaptive Planning and Consolidation (AP&C).
  1. Access the
    Start Period Close
     task directly from the related action menu of a company.
  2. As you complete the task for an open
    Period
    , consider:
    Option Description
    Company
    Each company or company hierarchy can have only 1 close event per ledger period.
    A close for a company hierarchy doesn't start the close process for each company in the hierarchy. Each company within the hierarchy needs its own close process.
    Period Close Type
    Select
    Period
    ,
    Quarter
    , or
    Year
     close. Workday displays the type in period close reports, metrics, and notifications. If the
    Period Close Event
     business process includes check list steps that are applicable to a certain type, Workday includes those steps in the workflow.
    Expected Completion Date
    Track the actual completion date against this target date. Workday displays the date in period close reports, metrics, and notifications. To change the date later, select
    Period Close
    Edit Period Close Details
     from the related action of the period close.
Submit
 initiates the
Period Close Event
 business process. For close events that are in progress, you can:
  • Attach documents.
  • Use the
    Period Close Work Area
     to manage your period, quarter, and year-end closes.
  • Review the
    Find Period Closes
     report for details about the close business process.
  • Use the
    Period Close Metrics
     report to analyze close metrics.
  • Click the
    Period Close Notification
     button to send ad hoc notifications to workers about a period close.