Once an approved budget has passed the budget end date and is ready to be reconciled, it can be closed. Closing the budget sets a date and time stamp which determines which invoices are included in the budget and which ones should be included in the next budget.
To close a budget, click the Close Budget button -
A confirmation message will be shown:
Once confirmed, the reconciliation process can begin.
If the budget needs to be re-opened, just click the Re-open Budget button.
Next: Reconciling a Budget