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- Add a row for each fiscal Year.
- For each year, enter a Closing Date, which determines the end of the fiscal year.
- To configure different Account Periods per Company Code, on a new row, enter an existing fiscal year and the Company Code.
Note: For each year, you must maintain a row with no Company Code specified, or you may receive warnings that your account periods have not been initialized correctly.
- To configure different Account Periods per Company Code, on a new row, enter an existing fiscal year and the Company Code.
For each period, enter the default ledger code from the Chart of Accounts for each of these accounts:
- Accounts Payable
- Accounts Receivable
- Clearance
- Interbank Transfer
- Retained Earnings
Note: If you do not enter a default Retained Earnings account, you may receive a large Unknown amount on your Trial Balance report. - Exchange Difference
- Intercompany
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If the Status and/or Last Month Closed fields are blank, all postings are enabled through the end of the fiscal year.
Note: If the ' Last Month Closed ' date is not specified, nothing will be blocked even if the status is ( P). For status ( F) , you can leave out the ' Last Month Closed ' Datedate blank.
Controlling Account Periods
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