Hi All, In this post we are going to talk about closing an Accounting Period in Netsuite. If you want to read about Accounting period click here . Account click here . Accounting Context click here . Android users can download our Netsuite Guru app and read blog , apply jobs/freelancing jobs and refer also.To download our app click here . What is Accounting Period close Or Closing of Accounting Period? Closing accounting period means changing status from open to closed.Closed status which indicates that posting transaction for the period have been completed and no more transactions can be post on closed accounting period. Closing a period is a final step, before closing a period , review ,reconciliation to ensure correctness and balance is required. How to Close Account?  Step 1:      Open an Accounting period :       Go to Setup > Accounting > Manage G/L > Manage Accounting Periods. How to go to accoun...