In A/P in particular, I would like to be able to close the posting period, ie. on the 15th of the month I can close the prior period. Because you can put any date on an invoice and the post date matches automatically if the period is open in G/L, it creates a situation where you can post to technically "closed" periods when you have to open those periods for reconcilation entries or month end entries. As an example, I have closed CY2024. While working on my audit, I need to open period 12 to make a journal entry. In the time that I have the g/l period open to make the entries, it is possible for someone to make an A/P entry into that "closed period" . If the ability was available to close the period in the subledger, I wouldn't have to worry about the general ledger being reopened for adjustments
Suzanne Moore
In A/P in particular, I would like to be able to close the posting period, ie. on the 15th of the month I can close the prior period. Because you can put any date on an invoice and the post date matches automatically if the period is open in G/L, it creates a situation where you can post to technically "closed" periods when you have to open those periods for reconcilation entries or month end entries. As an example, I have closed CY2024. While working on my audit, I need to open period 12 to make a journal entry. In the time that I have the g/l period open to make the entries, it is possible for someone to make an A/P entry into that "closed period" . If the ability was available to close the period in the subledger, I wouldn't have to worry about the general ledger being reopened for adjustments