Close Payables Function Calendar – A summary of the activity

A business function group comprises of a set of business components that have related business functionality. These business components make the financial postings in the selected finance book after transactions have been completed. Before closing a finance book it must be ensured that there are no pending transactions that have to be posted. This activity allows you to close the calendar for the “Payables Management” business function group.

On closure of the financial calendar, the business components that form a part of the payables management business function group, cannot post financial transactions in the finance book. A payables management calendar allows you to close a financial period / year provisionally or finally.

This activity also allows you to view the list of business components that form a part of the business function group. You can view the list of pending payables management transactions that are yet to be posted in the finance book. You can also view the status of the financial year and the financial period of any selected finance book.

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