Quick Close to Close Periods

The Quick Close preference enables you to close one or more accounting periods with a single click. This time-saving preference is useful when you have reopened one or more closed accounting periods to make a change. With Quick Close, NetSuite marks complete all tasks in all reopened accounting periods, eliminating the requirement to close them one-by-one.

The Period Close Checklist helps you with your financial closing workflow. Quick Close does not run period closing tasks. It only marks the tasks as completed. Use Quick Close only when you are certain that there is no requirement to run period closing tasks.

To enable the Allow Quick Close preference:

1. Go to Setup > Accounting > Preferences > Accounting Preferences
2. On the General subtab under the General Ledger section, click the Allow Quick Close of Accounting Periods box.
3. Click Save.

To close Accounting Periods with Quick Close:

1. To close one or more periods, click Close Multiple Periods.
2. From the Periods to Close list, select the accounting period you want to close.If you are closing multiple periods, select the latest period in the series of open periods. For example, you want to close January 2016, February 2016, March 2016, and April 2016. Select April 2016 from the Periods to Close list.
3. Click Submit.
4. At the prompt, click OK.