Closing Period Automatically

When a period reaches its end, users have the ability to change the status to "Closing Period", so that other users cannot make transactions during that period. This is simple if the period lasts a whole year, but becomes very important if the period only lasts a month or a week. To overcome this, SAP B1 provides a feature to automatically change the period status.

Before we discuss the steps to automate the "Closing Period" function in SAP Business One, let's remember the previous article which discussed "Posting Periods" in the article entitled "Closing Transaction Posting Periods".

Furthermore, period closing automation can be done via the "Posting Periods" menu which is located under the "Administration" menu? "System Initialization".