Message

Enter posting date that is later than latest closing balance date

Diagnosis

In the Period-End Closing window, you have entered a date in the Posting Date field in the Opening Balance section.

Period-end closing creates postings in the accounting system when a posting period ends. This procedure transfers previous G/L account balances from one posting period to another. If the due dates or document dates of the previous period are later than the posting date of the opening period, then G/L account balances are not transferred.

Procedure

In the Posting Date field, enter a valid date for opening balance journal entries.