---
schema_version: "1"
id: 0a2bf0e9cf34fd179d83dffd584aec0a8c5e23bdbc67edc0e5a4974660ca9e43
title: Close an Accounting Period
collection: admin
version: current
locale: en-us
portal_url: https://docs.salesforce.com/admin/current/en-us/ind/264-0-0/billing_accounting_periods_close.md
canonical_url: https://help.salesforce.com/s/articleView?id=ind.billing_accounting_periods_close.htm&release=264.0.0&type=5
source_site: help.salesforce.com
content_type: documentation
content_hash: 8447927236054e693b24b49d740fadbd11b59f5b7eaa3037a7fd052ca4b7c78f
description: Close an accounting period after its duration ends and after all journal entries are validated for financial reporting of that period.
products:
  - Revenue Cloud
release: "264"
---
# Close an Accounting Period

Close an accounting period after its duration ends and after all journal entries are validated for financial reporting of that period.

### Required Editions

<table class="slds-table slds-table_bordered slds-max-medium-table_stacked slds-m-bottom_small edition"><colgroup><col></colgroup><tbody><tr class=""><td class="slds-cell-wrap" style="vertical-align:top;">Available in: Lightning Experience</td></tr><tr class=""><td class="slds-cell-wrap" style="vertical-align:top;">Available in: <strong>Enterprise</strong>, <strong>Unlimited</strong>, and <strong>Developer</strong> Editions with <a href="https://help.salesforce.com/s/articleView?id=ind.revenue_licenses_areas_and_features.htm&amp;release=264.0.0&amp;type=5">the Revenue Cloud Advanced license or the Revenue Cloud Billing license</a></td></tr></tbody></table>

<table class="slds-table slds-table_bordered slds-max-medium-table_stacked slds-m-bottom_small permission">
        <colgroup>
          <col style="width:50%">
          <col style="width:50%">
        </colgroup>
        <thead class="slds-text-title_caps ">
          <tr class="">
            <th scope="colgroup" class="slds-cell-wrap" colspan="2" style="text-align:center;vertical-align:top;" id="d47918e72">User Permissions
              Needed</th>
          </tr>
        </thead>
        <tbody>
          <tr class="">
            <td data-label="User Permissions Needed" class="slds-cell-wrap" style="vertical-align:top;" headers="d47918e72 ">To close accounting periods:</td>

            <td class="slds-cell-wrap" style="vertical-align:top;" headers="d47918e72 ">Accounts Receivables Admin permission set</td>

          </tr>
        </tbody>
      </table>

Before closing an accounting period, ensure there are no related open legal entity accounting periods. If there are related legal entity accounting periods that are open, an error message appears and the accounting period remains open.

1. Open the record of the accounting period that you want to close.
2. Click **Close Accounting Period** and confirm that you want to close it.

When there aren't any related open legal entity accounting periods, the accounting period's status is set to Closed.

When you close an accounting period, several key metrics are updated. The Total Asset Amount, Total Liabilities Amount, Total Equities Amount, Total Revenue Amount, and Total Expenses Amount fields are recalculated. These amounts are calculated by aggregating the corresponding field values from all associated legal entity accounting periods and are shown in corporate currency configured for your Salesforce org.