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xTuple ERP Reference Guide |
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xTuple ERP Reference Guide |
Accounting Periods contain transactional activity within clearly defined time periods―usually months. You will typically find twelve Accounting Periods within a Fiscal Year. An Accounting Period must be defined in order to post transactions to the General Ledger. If no Accounting Period exists, transactions cannot be posted. It is likewise not possible to post transactions into closed Accounting Periods. You may only post into open Accounting Periods. Privileged users may post into frozen Periods, but the frozen Period must be open in order for the posting to succeed.
The privilege PostFrozenPeriod allows users who are granted this privilege to post transactions into frozen Accounting Periods. For transactions to post successfully, frozen Periods must also be open.
To access the master list of Accounting Periods, select the "Accounting Periods" option. The following screen will appear:
The "Accounting Periods" screen displays information on all existing Accounting Periods, including Period name, Period start date, Period end date, Period Number, Period Qtr, Period Year, closed status and frozen status.
The following buttons are unique to this screen:
Highlight an Accounting Period and then select this button to close the Period. Transactions may not be posted into closed Periods. To post transactions to a closed Period, you must reopen the Period.
Highlight an Accounting Period and then select this button to freeze the Period. Privileged users may post transactions into frozen Periods, as long as the frozen Period is open.