TRAVERSE Global v11.1

Close GL Accounts

Use the Close GL Account function to close a GL Account that is no longer needed. If you use multicurrency, the Close GL Account function will also generate gain/loss entries as necessary, as well as updating the status of the account.

To close an account, the account must be currently active, and have a net zero balance. Post any applicable transactions before you start.

  1. Use the Data Filter to select the range of filtering options or leave the filter blank to include all available data.
  2. Enter any Comments regarding the account(s).
  3. Mark the check box(es) for the account(s) you want to close.
    Note: You can also use the Select All and Unselect All buttons to aid in checking and unchecking boxes.
  4. Use the command buttons:
    5. Click To
    Write Execute the process that will close the selected GL Accounts. The process will generate realized gain/loss entries as needed, and update the account status.
    Activity Display the Activity Log to view past activity.
    Reset Set all fields to their default values.
    Select All or Unselect All Select the accounts to close, or clear marked check boxes. Only active accounts with a net zero balance appear and can be selected for closing.
ClosedSample Close GL Account Log