Please follow the steps below, which will close an old period, open a new one, and set the new one as the current posting period:
Go to Nominal ledger.
Click Transaction Periods.
Scroll down to locate the period you wish to close and tick the closed box on the row it is sat on.
Scroll down and locate the new period you wish to open and untick the closed box on the row it is sat on.
Click Update Periods.
Click the drop-down for New Posting Periods, in the top right of the window, select from this drop-down the new periods then click Set \Posting Period.
The new posting period will then be displayed in the Current Posting period box.
Please note - You can have Multiple periods open with multiple users posting in different periods.When you set the New Posting Period this only sets it for the user and not the database as a whole.
Please note - If you are back posting into your previous financial year, then it's important to rebuild your ledger balances. To do this, please follow the steps below:
From the DPS home screen, select Tools.
Select Rebuild Nominal Balances.
Select Rebuild Last Year Retained Profit.
Select Rebuild Balances.
Dependent on the postings you have made, please also consider rebuilding Matter and/or Supplier Balances, which can also be found in the Tools dropdown menu.