Description

Manage accounting years and periods from this page. 

Actions

Add Accounting Year

Inputs:

Year Start Date 

  • This is the date the Accounting Year will start on.
  • Consecutive years may not overlap
  • You may start the year on any day

Results

  • 12 Accounting Periods are created. One per month of the year provided
  • The first month in the period will start on the Accounting Year Start Date
  • All periods ledgers are unlocked

 

Toggle Account Period Action

Each Accounting Period has the following actions. All can be toggled locked or unlocked.

AR - Accounts Receivable Ledger

  • When locked you can no longer post journal entries to the AR sub-ledger during this accounting period

AP - Accounts Payable Ledger

  • When locked you can no longer post journal entries to the AP sub-ledger during this accounting period

Financial - Financial Ledger

  • When locked you can no longer post journal entries to the Financial sub-ledger during this accounting period

Inventory - Inventory Ledger

  • When locked you can no longer post journal entries to the Inventory sub-ledger during this accounting period
  • Inventory adjustments during this accounting period will also be in "locked" status. Meaning you cannot edit, create, or delete adjustments during this accounting period. This includes receiving from a PO and fulfilling from a SO.

Crypto -  Crypto Ledger

  • When locked you can no longer post journal entries to the Crypto sub-ledger during this accounting period
  • Crypto Transactions during this this accounting period will be put in "locked" status. Crypto Transactions during this period will not be able to be created, edited or deleted.

FX - Revalue Foreign Currencies for the accounting period

Status - Status of the accounting period

  • When locked you can no longer toggle any other fields for this accounting period.
  • This will close out the accounting period
  • All periods must be locked to close out/lock the accounting year

 

 

 

 

 

 

 

 

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