Financially Close Projects

Financially closing a project helps ensure that additional funds are not assigned to the project.

Follow these steps:

Open the project.
The properties page appears.
Open the Properties menu, and from Properties, click Financial.
The financial page appears.
Complete the following field:
Financial Status
Specifies the status that determines how financial transactions entered against the project are handled.

Values:
- Open. All transactions entered against the project can be fully processed. Use the financial status to open it for financial processing, or to enable the project financially.
- Hold. New transactions cannot accumulate on the project.
- Closed. New transactions cannot accumulate. When you mark the project financial status as "Closed", it is no longer open for financial processing.
Default: Hold

Required: Yes
Save the changes.

More information: