What's the best way to close down an entity?
We have an entity that has ceased doing business and need to close it out mid year.
We have an entity that has ceased doing business and need to close it out mid year. I know we can end date the balancing segment value and end date the legal entity, but will that cause the retained earnings to roll? If not, is there a way to to get retained earnings to roll before the end of the year? This legal entity is the only entity associated with a particular ledger. Will we have to continue to roll the period on the various ledgers (primary, secondary, reporting) associated with this entity forever?