Account period closed

lally

Hi Masters,


Suppose My account period is 1/04/2007 to 31/3/2008.
Now i closed that account period.
After that i released i have to create two sales invoices as on
29/3/2008.

So how it post it After close the account period.
What are effects on the ledger entries, value entries.

Please share your experience.

garak

If you post into a Closed period, the ledgers are marked as "Prior-Year Entry". so you can see all the addational postings.
If you also have finished all "Year End Processes" like run the report "Close Income Statement", you must repeat this.

Regards

lally

Thanks Mr. garak,

Do u need to take care about to run the A I C entries batch job , post inventory cost to G/ L batch job when the Accounting period closed ?
Because I ma posting the transactions after After accounting period closed ?
Fo this I need run the AICE , P.I.C.to G/L batch job.


What are impacts ?

Please throw your help.

ssingla

if using version <5.0 ,the user running the batch job should have the posting rights in the earlier period. The correct entries will be posted in closed period but back dated entries can create problem in Costing.......