A financial Fiscal Period Close is performed to preserve the financial information that has been reported on, internally and externally, and to ensure financial statements are accurately reflected in the current fiscal period. To lock down the financial data, Unanet provides Posting Features groups that are mutually exclusive which can be closed all together or individually throughout the closing process to facilitate the procedural needs of Closing the Fiscal Period.

The procedures do not have to be performed in any sequential order.

To Support the Fiscal Period Closing Process: