Future Enterable: You can enter journals, but you can not post. The number of future enterable periods is a fixed number defined in a Ledger window. You can change the number of future enterable periods at any time.
Open: You can enter and post journals to any open period. An unlimited number of periods can be open, but doing so many slow the posting process and can confuse users entering journals.
Closed: You must reopen closed periods before you post the journals. You should manually close periods after finishing your month end processing.
Permanently Closed: Permanently Closed periods can not be reopened. This status is required to archive and purge data.
Open: You can enter and post journals to any open period. An unlimited number of periods can be open, but doing so many slow the posting process and can confuse users entering journals.
Closed: You must reopen closed periods before you post the journals. You should manually close periods after finishing your month end processing.
Permanently Closed: Permanently Closed periods can not be reopened. This status is required to archive and purge data.
