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new entities and lock/unlock data 2 questions

edited Nov 11, 2019 5:09PM in Financial Consolidation and Close 6 comments

Content

Topic #1:

When a new entity is added, it appears that you must go to the entity in the Manage Approvals section and change it to "Start" from the default "Exclude" and that  you must go back to the first period of the application and do this for all periods.  This then changes the lock status for all parent entities above that entity to Unlocked.  Which then means you must re-lock all prior period data in the Approvals module.

If this is true, that means you must "start" each new entity created for all 12 periods for each year of the application, then re-lock all 12 periods for each year of the application.  Am I missing something or is what I stated correct?  

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