Can someone please clarify if the Accounts Receivable, Accounts Payable, Purchasing and Sales Module need to be closed for several working days after all data relating to the current month has been entered?
I have a situation where these modules are shutdown for a few days before the new month is opened.
This causes a build of work and causes a complete stop in processing/uploading etc, hence giving rise to host of problems.
I have been told that the Financial Series containing the Bank & GL modules must be closed to avoid any new information flowing through and causing further issues.
Could someone please explain how they structure their month end procedures and most of all whether are indeed closed for days in between accounting months?
Thank you
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