Manage Period Close Rules

Period close rules determine how the system assigns accounting dates when it processes transactions.

Each period close rule includes an accounting date rule used to assign an accounting date to a transaction, along with an accounting date rule used to assign an accounting date to a transaction in the event that the accounting period for the date identified by the initial rule is closed or does not exist.

The system applies the period close rules to transactions that have message types of MTOPEN, MTCLOSE, and MTLINK. By default, it applies a period close rule of ???????? (no longer = latest open period) to transactions for other message types, such as MTCANCEL and MTCASH.

• About Period Close Rules
• Set Up Entities for Period Close Rules
• List Period Close Rules
• Change Period Close Rules
• Copy of Period Close Rule Panel Options
• List of Period Close Rule Message and Event Types