With the new Closing G/L Period feature, how did it change my G/L closed periods?
Before this feature was released in November 2007 in DDMS 8.13, only periods 12 and 13 were open to posting after you closed G/L for the year. During the installation of DDMS 8.13, all the previous year’s G/L periods were kept open to postings. So, for 2007, periods 1-13 were open, as were periods 1-13 of 2008. After installing version 8.13, you were instructed to close period 11 of the last fiscal year. First set up passwords in the General Ledger Close Period Passwords Parameters. Then, go to the new Close G/L Period dialog box and close period 11 as instructed in the handout, Closing G/L Periods. This will limit prior-year postings to periods 12 and 13, just as before.
