Are we missing something? Please let our Support team know via Chat of any suggested questions that should be added to this page.
How do I close an accounting period?
Accounting Periods are used to organize financial reporting over a fixed period of time. A typical accounting period is a month. Below you will find the instructions for closing out accounting periods if you make use of them within RedTeam Flex. It is important to note that you must close accounting periods in order, therefore you must close the oldest open accounting period first, before then being able to close subsequent accounting periods.
Steps:
Go to the Projects Overview
Within the Projects Overview, click the WIP tab, then click the Filter button
Select the oldest open accounting period from the dropdown, then click to Filter for that period. All closed periods will be listed in gray.
Click the Close button to close out that Accounting Period
