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 Scope and Application  |  Question 21 of 31    Print  
I opened the first period of the New Year without closing the prior year. Will this cause a problem?
 No. Closing a period in General Ledger does nothing more than close that period. There is no processing that goes on behind the scenes when you close a period.


  
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Yes you can. However, before doing so, you should check the posting, translation, and open period or summarization processes that created these files. The GL_POSTING_INTERIM_XX tables are temporary tables 
Can I post to a period prior to my latest open period? Are the balances rolled forward?  Is retained earnings updated?
When you post to an earlier open period, actual balances roll forward through the latest open period; budget balances roll forward through the end of the latest open budget year; and encumbrance balances 
Error1: The batch has a control total violationError2: Selected for posting to a period that is not openError3: Showing no journal entries for this batchError4: Showing journal control total violationError5: 
I opened the first period of the New Year without closing the prior year. Will this cause a problem?
 No. Closing a period in General Ledger does nothing more than close that period. There is no processing that goes on behind the scenes when you close a period. 

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