How to close the posting periods in SFM

How do I close the Posting Periods in SFM?

There are two sets of posting periods in SFM:
- Current Year > Utilities > Posting Dates
- Previous Year > Utilities > Posting Dates



The system will allow posting from the ledgers within the set date ranges from the posting dates options of the respective ledgers. As the dates are set in the screenshot below, the system will allow posting only between 01/02/2022 – 31/12/2022 in all 3 ledgers.  Any postings in January will not be allowed.



The permission (Admin menu > Groups & Permissions) to allow users to change the posting periods is ASETPERIOD:


    • Related Articles

    • How do I finalise the previous year?

      Overview SFM allows posting into two financial years simultaneously. This means that users have the option to finalise the previous year (during the current year) and at the same time keep on posting in current year. The Finalise Previous Year ...
    • How to check which year is your current year in SFM

      To check which year the client is currently in: Go to Current Year > Utilities > Posting dates.  Check year.
    • How do I update the opening balances after posting in the previous year?

      After the end of year run, SFM provides the option to authorised users to keep on posting into the Previous Year for the next 12 months. When users post in the previous year, SFM will trap this and makes available a function, 'Update Opening ...
    • How do I post an invoice credit note in the previous year?

      A user can post sales transactions in the previous year by going to Previous Year Menu > Purchases > Postings. Every time a transaction is posted in the previous year, the Update Opening Entries option under the Previous Year menu is enabled, and the ...
    • How do I process an End Of Year in SFM?

      Overview SFM allows posting into two financial years simultaneously. This means that users do not need to finalise 2023 before starting to post entries into 2024. The end of year procedure will move the “Current Year” data into the "Previous Year". ...