Hi,

I would like to know if we can close the periods of ther year 2010 and use the period 13 to do corrections (journal vouchers). Can i do it or the period 13 would be used only to the G&L voucher?

The idea is close definitively the periods (1 to 12) and register the journal vouchers in period 13. How does it affect the definitively close ?

Thanks,

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Hi,

yes, all periods above 12 are meant for corrections (if they are marked as correction periods). For years end closure of course you will have to close all periods final.

Regards - Kai

Period 13 has to be used for posting profit and loss batch at year end in automatic balancing (tfgld6202m000) . Due to this period u can see the profit and loss account closing balance in period 12 even though it's not carried forward next year (as the P&L posting is in 13 and not in 12) .

I do not fully agree, as period 13 is optional - year end closure can be done in period 12 as well. You have to make sure that the Balancing Method is set to TOTAL and you define an account for that.

Kai

I dont mean 13th period is mandatory . It's purely optional . But when it's used and, closing p&l transactions form tfgld6202m000 (whether total/individual) are posted in 13th period , user can get the closing balances of p&l ledgers also at the end of 12 period at any point in time in trial balance report. At the end of 13th period p&l items will have 0 balance in trial balance and not the actual balance at the end of the year.

Hi,

I would like to know if we can close the periods of ther year 2010 and use the period 13 to do corrections (journal vouchers). Can i do it or the period 13 would be used only to the G&L voucher?

The idea is close definitively the periods (1 to 12) and register the journal vouchers in period 13. How does it affect the definitively close ?

Thanks,


Dear,

Yes, you can close your period till 12th period & for the the 13th Period, if you want to pass Journal voucher then system will not allow you to pass other transaction. it's totally depending on the period status.
just goto period status session close all other module transaction except General module.

This setting will allow you to pass only "Journal voucher".