Managing Finance Months

Finance months is a month wise division of a financial year to control the finance entries i.e. to allow or restrict transaction for the month. Transactions for the month can be restricted by closing the month. It is to be noted that months can be closed sequentially only if it meets required validations.

The Finance Months are created based on the range of the accounting year definition - i.e. if the year is defined as April - March, the Finance Months shall include the January February and March of the next calendar year (Accounting Year April'17- March'18 will have January'18, February'18 and . While for an accounting year defined as January'17 - December'17, the Finance Months will consist of months from within the calendar year of 2017 only.

Prerequisites

1. The user's role must have the Save application operation enabled for  Admin - Organization - Finance Months  through Roles in Ginesys Web - Admin - Security. 
   
   
   

2. The users have separate Open and Close permission for more flexibility in usage. This separate permission ensures, user is able to access the options depending upon the role being assigned. It a security check to ensure sanctity of financial data (From version 11.137.0 onward).

Step-by-step guide

1. Go to Admin > Organization > Finance Months.

2. Follow the given table to close the finance months.
   
   

   Open

   

   
   
   

   To go back to the main page click on Managing (financial) Periods in Ginesys Administration