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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 postingperiod can be open Open at a time, but there can only ever be one current 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.
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