How to Close and Open Accounting Months
Tags: accounting, Closing, Financials
Closing Months is the act of preventing any type of accounting transaction from entering the General ledger during the Closed Month. When a Month is closed, the Financials for that month are created and saved.
Closing Months is not required in OnSite, but highly recommended since it stops all users from entering Ledger information during that time frame, and creates Financial Statements that can be used for analysis or tax purposes.
Close and Open Months