Before re-opening any accounting period, you should be aware of the business impact of changing transaction details for closed periods.
To re-open a closed accounting period:
1. Go to the Setup > Accounting > Manage Accounting Periods
2. Click the Checklist icon against the relative period.
3. Click the Go to Task icon.
4. You will need to enter a justification for re-opening the period. Again, you will need to be aware of the business impacts of re-opening a period and making changes. Please speak with your company’s financial controller before making any changes.
5. Click the Re-Open Period button.
Important: Please be aware you will need to go through the accounting period checklist as outlined in Account Period Closing Checklist once you have made your amendments.