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Accounting periods should be closed when they are complete. There are two aspects of the Accounting Period which need to be closed:
- Invoicing Closed - invoicing closed means Invoices can no longer be assigned to this Accounting Period. This should happen at the end of the Accounting Period when all relevant invoices have been invoiced.
- Accounting Closed - accounting closed means Accounting Records will no longer be created for this Accounting Period. Accounting records are created for the earliest open Accounting Period, therefore, each period needs to be closed in order to move on to the next Accounting Period. Only Invoices in an open Accounting Period will be collected. This should happen after all Invoices have been invoiced, Delivery Data imports are complete and Accounting Record Creation Processes have been run, in that order.
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