Manage Current Fiscal Periods
Under Current fiscal years, you can view a list of currently open or closed fiscal periods along with their start and end dates, and status.
To change the status of an open fiscal period to closed, select Open in the Status column. Once the status changes to Closed, the fiscal period is considered "soft-closed". Soft-closing a fiscal period prohibits new journal entries to a period, but allows you to reopen the period at a later date.
You can also edit the current and previous fiscal year, or create a new fiscal year based on the current. For more information, see Manage All Fiscal Years.