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Purge accounting data related to GL Balances and GL Journals across all source systems.

in Recruiting, Opportunity Marketplace

Summary:

We are required to purge accounting data related to GL Balances and GL Journals across all source systems. Based on the purge functionality introduced in Oracle's recent release, we need to configure the Manage Archive and Purge Policies for specific ledgers and legal entities where the data purge is intended.
We have a few questions regarding this approach. If anyone has prior experience with this functionality, your insights would be greatly appreciated:
Is it possible to purge the data without performing an archive?
According to the configuration, a minimum data retention period of one year must be selected before purging. Does this mean that only data from the last year will be retained and all older data will be purged? Is this understanding correct?

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