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A Period Closing Voucher indicates that the profit/loss for an accounting period has been balanced and the books can start fresh. At the end of every year or (quarterly or maybe even monthly), after completing auditing, you can close your books of accounts.

The PO voucher close function provides an option to make further adjustments to a PO voucher after it has been matched, budget checked and posted. The PO voucher close functionality will permit you to either restore the encumbrance or reopen a purchase order or to liquidate the remaining liability on a PO.

Voucher Life Cycle. Vouchers go through several stages from initial entry to payment to posting. PeopleSoft Payables tracks these stages using various statuses for the following status types that relate to various actions and processes that can be run on a voucher: Entry status.

Conditional fields allow you to manage sets of dependencies between fields. Such fields are available for editing and display only if the right condition is met. To create conditional fields, you must first create custom fields and then leverage such fields in forms.

Vouchers that have been posted to the General Ledger, but not paid, can be unposted in order to update the voucher. the voucher number to be unposted and select the voucher ID. Step 2: The accounting date will default to the original voucher accounting date.

Closing Vouchers. Access the Close Voucher page (Accounts Payable, Vouchers, Add/Update, Close Voucher, Close Voucher). Enter the date on which the expense will be credited and the liability debited.