• Generate journal entries for contracts – This action is run as a background action (see Background actions) and generates - per contract line - all required journal entries and corresponding postings for the selected financial year. If there is too much data to process in one run for a specific financial year, you must repeat the Generate journal entries for contracts action until all journal entries are generated. Once all contracts have been processed, Planon automatically switches the setting Journal entries generated for contract lines to Yes and the Generate journal entries for contracts action is no longer available.

• Adopt recurring budgets - Selecting this action will enable you to adopt the budgets of a particular financial year.

• Close all budgets of financial year - Selecting this action will close all the budgets related to the selected financial year.

• Closed status transition - Enables you to close the selected financial year. A financial year can only be closed if all budgets linked to it have been closed too. If you want to close the budgets linked to a particular financial year in one go, you can select Close all budgets of financial year.

• Show open contracts - Use this action to get an overview of all contracts that are still open. When closing a period in a financial year, Planon checks if all contracts have been closed up to the corresponding closure date. A period can only be closed if all contracts have been closed. It is not always clear which specific contracts have not yet been closed, sometimes contracts are not visible because filters are applied. This action helps you to search for all open contracts.