Cost Cutoff Date
Summary:
Our client wants to switch Cost Cutoff date option from Auto to User-Defined and set Cost Cutoff date as future date like year-end date for ex. 31-Dec-2024. This Cost cutoff date will be manually reset every year.
Do you see any concern with this approach based on your experience?
Note:
- The reason to switch from Auto to User-Defined option is to allow costing in the new Cost Accounting period for transactions created in new period without waiting for previous period to be closed.
- No requirement to enter backdated transactions
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