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Posting period is a period within a fiscal year for which transaction figures are updated. Transaction dates will be required to be in an open (not necessarily current) posting period. A posting period can be open or closed. To process a payroll, the pay date must fall within an open posting period.  More than one posting period can be open at a time, but there can only ever be one current posting period open.  Users can make a posting period current on the posting period screen.  Historical payrolls or posted payrolls are marked with the posting period that they were processed under so districts can find posted payrolls for a given posting period.

In the Posting Period option, you can Create , Open a period, Close a period or make a period current:Image Added

Create Posting Period

1. From the Admin menu select 'Posting Periods'
2. Click on 
3. Enter in the required information:
4. Check the box if the user wishes to make this new posting period the current one.
5. Click on    to create the posting period, click on  X to not create the posting period and return to the Posting period grid.

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