Is it mandatory to do ledger settlements in FNO?. I know about the impact it has on year end, but what if I don't do Ledger settlements and still go for year end, the process and result of YEC remain same way that used to be earlier ?
Hi Abhinav,
There might be some postings you do on suspension or temporary accounts. If you do execute settlements, it will be a benefit to known what had been cleared already or what transactions are open. Compare this with customer invoices and payments. If you don't do the settlement, you might see a balance on the customer, but you don't know which exact invoices are not paid, unless you settle them. The same applies to ledger settlements.
Ledger settlement is just for reporting purposes. A seperate process. Doesnt effect any process.
Hi,
If you are already aware from YEC point of view, there is no other major impact if you don't do ledger settlements.
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