Close a summary in Accounts Payable

You can close an open summary either by period or by summary name. Summaries of manual payments are automatically closed.

After you close a summary, you cannot post transactions to it unless you reopen it. This prevents transactions being posted to the wrong period. Sage Intacct uses the summary date as the posting date for almost all transactions.

Closing a single summary does not automatically close related summaries in the subledger period.
SubscriptionAccounts Payable
User type

Business

Employee

Permissions

Summaries: Close

  1. Go to Accounts Payable > All > Subledger > Close.
  2. If you are at the top level, select an Entity or entity group.
  3. Choose one of the following methods:
    • Close all open summaries through a specified accounting period.

      Select To the end of period, and then select a period.

    • Close an individual summary.

      Select Close a single summary, and then select the summary.

    Closing a single summary closes only the selected summary. Related summaries in the same subledger period remain open until they are closed individually or included in a period-based close..
  4. Select Close.

Field descriptions

Close summaries field descriptions
FieldDescription

Close subledger from

The start date from which you have open summaries.

To the end of period

Accounting period you want to close.

If you don't see any reporting periods in the dropdown, create the applicable reporting periods. Reporting periods must be created each year.

Close a single summary

The open summary that you want to close.