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Administrator Guide
Last Updated: 2023-06-23
Open Ledger Periods for a New Fiscal Year

Open Ledger Periods for a New Fiscal Year

Have Professional Services set up payroll accounting for you.
Open ledger periods for the new fiscal year so that the accounting process can create payroll journal entries.
  1. Access the
    Create Ledger Year and Ledger Periods
     task.
    Security:
    Set Up: Ledger and Book
     domain in Common Financial Management functional area.
    Create the ledger year and periods.
  2. Access the
    Update Ledger Period Status
     task.
    Security:
    Process: Period End
     domain in Common Financial Management functional area.
    Set the status of each ledger period to
    Open
    .