💡Is it possible to restrict or prevent Asset period close if exceptions exists?

Title: 💡Is it possible to restrict or prevent Asset period close if exceptions exists?

Summary: How to prevent the asset period closure if exceptions exists (errors, unaccounted, or non-GL Transferred events)?

Content: It is best practice to prevent the closure of a General Ledger accounting period if the accounting period for any of the corresponding subledgers is still open, or if incomplete accounting entries or transactions exist for the period.

This ensures an effective period close process by validating that all transactions are complete and that incomplete transactions aren't held up during the close.

Solution:

A) Steps to Enable

To enable the feature for a primary ledger, perform the following steps: