Users can only post journal entries to an adjustment period. Adjustment periods are not available in the Posting Period dropdown for non-JE transactions.
For those customers who are used to having a one day adjustment period where all types of month-end transactions can be entered, our best practice recommendation is to lock accounting periods as part of your month-end process. Once the period is locked, ordinary users can no longer post accounting transactions in the period. However, the administrator and controllers can still make adjustment postings, which provides the same capabilities as an adjustment period. If you have more than one fiscal calendar, this also eliminates having multiple adjustment periods in the same calendar year in order to accommodate different subsidiaries.
No comments:
Post a Comment