“Closure” is a pick under the Accounting menu. However, I can find no documentation on its usage. While it appears to be straightforward, I like to know where the ship is going before I set sail.
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When you execute the “Validate and Lock Movements” is the action absolute? That is, can you unlock the transactions if at a later date a revision of accounting transactions need to be corrected.
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When you execute the “Close Fiscal Period” is the action absolute? Again, can it be unlocked if the situation arises.
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When you execute “Extract Entries” while optional, is there any setup for the process? Other than a retained earning account in the COA, are there any others needed?
Thanks Frank
