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Month End Closing Tasks
Hello,
Our team is looking to fully utilize all of the month-end closing tasks (Lock A/R, Lock A/P, Lock All, Review Custom GL Plug-in, Revalue Open Foreign Currency Balances, Calculate Consolidated Exchange Rates, Eliminate Intercompany Transactions, and Close). We've been transacting in NetSuite since September 2018 and to date, we've only partially closed each period (Lock A/R, Lock A/P, Lock All). If we want to fully close July 2020, should we close the previous periods without performing the period end checklist by just clicking the Close Multiple Periods button, or go through the period end checklist of each of the previous periods, perform and complete the tasks, then close the period?
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