Fwd: period close

[MAndreen1@xxxxxxx]

Good afternoon:

    Reviewing your e-mail from an accounting perspective
(General Ledger) it was difficult to ascertain if your cost of
sales journal entry ("B" inventory transactions) are indeed 
in the same corresponding period as your sales journal 
entries (billing). For an accurate P/L statement this matching
of periods would indeed be a must.

        have  a  good  day

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• Subject: period close
• From: Cornell Littell <clittell@xxxxxxxxxxxxxxx>
• Date: Wed, 12 Jul 2000 08:36:16 -0700

My users want to close PUR, CST and INV on Sunday; ORD on Monday; and ACR on
Tuesday.   They would invoice on Monday for the prior period, but inventory
transactions on Monday would hit the new period.  Other than high level
statistics on the master files getting out of synch, is there any other problem
in doing this?


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