Reopen Journal Entries

You can reopen one or more journal entries from a previous year, then post them to another set of accounts for the following year.

Prerequisites

The administrator has customized the reopen rules table. The table defines the source and destination accounts for the reopening of journals. You define criteria to reopen from one dimension to another dimension. See Journal Reopen Rules.

The system is set to allow for reopening of journals using the Allow Journals to be Reopened journal parameter. See Journal Model Parameters.

The selected source journal entries are posted to the database.

The Reopen in Next Period option is selected in the journal entry.

Features

You can reopen one or more journal entries to new journal entries.

Activities

To reopen a journal entry:

  1. In the Journals page, click Reopen in the toolbar.

  2. In the Reopen dialog box, in the Select journals to be reopened section, specify a Category and Time member. The journal entries you want to reopen will be selected from these two members and other source dimensions members when defining the journal template.

  3. In the Select destination section, specify a Category and Time member in which you want to reopen the journal entries.

In the next period, all the journals in the selected member range will be reopened to the target member range.