Managing Projects › Define Project Properties › Financially Enable Projects › Financially Close Projects

Financially Close Projects

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

Follow these steps:

1. Open the project.Open the Properties menu, and from Properties, click Financial.

   The financial page appears.

2. Complete the following field:

   Financial Status

   Specifies the status that determines how financial transactions entered against the project are handled.

   Values:

   • Open. All transactions that are entered against the project can be fully processed.
   • Hold. No new transactions can accumulate on the project.

   Closed. No new transactions can accumulate on the project. When you mark the financial status as "Closed", it is no longer open for financial processing.

3. Save the changes.