GL Update

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Periods may be closed on a regular basis without creating any  difficulty.

 It is suggested that this function occur once per week.

 

The information will be posted to the current month, and added to  the total already in that field. Consequently, if a closing were  performed every day, the system would not experience any errors in  the totals.

 

Before closing, you must perform a Ledger Analysis.  If you forget  this step, the system will not close, but will prompt you to run the  analysis.  The closing must be run immediately after the test, or  the flag will most likely be reset.

 

Once you enter this option, the system prompts for the month to be  closed.  Enter the first three letters of the month's name, ie. JAN,  FEB, MAR.  Any other combination will not be accepted.

 

The closing will run automatically, updating totals, and  transferring the included records from the current transaction file  to history.