Setting the Last Closed Month

The Last Closed Month is the only data within Martus that should be updated each month.

The Last Closed Month in Martus determines the default Ending Date on your financial reports and in the ReportBuilder. It defines the month through which actuals are shown on your budget worksheets. It also defines the month through which a frozen budget cannot be updated and identifies the month through which actuals are loaded into a budget when creating a mid-year forecast.

Note: Martus’ Last Closed Month is completely independent of your accounting system.  The Last Closed Date has no impact on the nightly sync of GL activity from your accounting system into your Martus financials.

You should update the Last Closed Month regularly to maximize the usefulness of Martus. The best practice is to do this each time you close a month in your accounting system. Many Martus clients like to set the Last Closed Month to the current month so that viewers of the financial reports will automatically see the most recently synced accounting information.

When you set the Last Closed Month, you can also choose to send an email to all your Martus users. That email contains a link so that your users can go straight into Martus! This email can be customized. Click here for more information.

Close a Month - Step by Step:

1. Go to Setup > Calendar
2. Select the appropriate new month
   
   
   
3. Click Notify Users to send an email to your users, if desired
   
    
4. Click Close Month