Re: [SYS21] Open G/L Periods...

[Richard_Caldicott@xxxxxxxxxxxxxxx]

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The only thing that closes the year for US/UK users is closing the last
G/L period for the year (e.g. period 12 for most users).  Until you close
the last period and open period 01 the year is still open.  With your G/L
in period 10 you could still run reports as at period 12 but the only
reason for leaving 10 open would be because you are still making postings.
 If this is the case you are not finished with the year and so you
wouldn't consider the year closed.  Does this make sense?

Richard




Jeff_Klipa/Harvard@harvardind.com
Sent by: jbausers-l-admin@midrange.com
12/20/2002 12:21 PM
Please respond to jbausers-l


        To:     jbausers-l@midrange.com
        cc:
        Subject:        [SYS21]   Open G/L Periods...


That last question prompted me to ask this one...

What happens if you have period 10 G/L still open when you go to close the
Year
End...?

I know you can let the G/L period lag behind all the other applications
but is
there any software mandate to get G/L caught up when it comes time to
close the
year...?

We're at V3.5.1...

Thanks.


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