Close and Open Accounting Months

Close and Open Accounting Months

In order to safeguard the integrity of the information of the operations performed in the Novohit modules, the accounting module is the only one that can close and open the information of the periods. This application allows the opening or closing of the month of the accounting module, as well as of the fiscal year when the closing or opening of the month of December is performed. It is suggested that at the moment of opening and closing the months only the person who is executing the process should be inside the module.

Closing of Month

This process generates the closing of balances of the accounting accounts for the month. Once all the accounting entries for the period have been generated and updated and the person responsible for the area verifies that the information is correct, the following actions are carried out:
Go to: Administration (Back Office) → General Accounting → Close and Open Accounting Months
In the Monthly Accounting Process section, press the Close Current Month MM-YYYY button.
Press the Close Current Month MM-YYYY button to confirm the month closing or press the Back button to cancel the closing.
Once the closing is completed in the Monthly Accounting Process section, the current month will be indicated, press the Back button.

Once the closing process has been generated, no modifications to the information will be allowed.

Opening of Month

In case of an extraordinary situation that requires registering, modifying or deleting accounting entries from previous months previously closed, this process generates the opening of closed accounting months. The accounting entries of the current (open) period must be in Register status in order to allow the opening of the previous month. Perform the following steps:
Go to Administration (Back Office) → General Accounting → Close and Open Accounting Months
In the Monthly Accounting Process section, click on the Open Previous Month MM-YYYY button.
Press the Open Previous Month MM-YYYY button to confirm the opening of the month or press the Back button to cancel the opening.
Once you have finished opening the month in the Monthly Accounting Process section, the current month will be displayed, press the Back button.