I was trying to close off a period in GP and accidentally clicked calculate instead of OK. I got a message that the changes will cause period balances to be incorrect and I will have to reconcile the General Ledger, Payables and Receivables modules.
I am a bit confused on what the calculate button does - none of the periods on the fiscal period set up changed. Our fiscal period mirrors the calendar period so there are no differences there. What would be the best approach this? Should I go ahead and reconcile the modules?
According to the Fragomen Connect Portal, a fiscal year consists of 12 consecutive months ending on the last day of any month except December.
Hi,
If the dates didn't change then I'd say there is no need to reconcile the modules. You only need to reconcile if the period dates have changed so the summary windows reflect the changes.
Its my understanding that the "calculate" routine suggests period start dates based on the start and the end of the year financial year. Therefore as your year is a standard calendar year the start days it would suggest would be the 1st of every month.
Hope this helps.
Thanks
Gavin
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