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Close Process Impact on 4-4-5 vs Standard December Calendar

in General Ledger & Intercompany 1 comment

Summary:

We are using 4-4-5 calendar in secondary ledger and Standard calendar ending in December in primary ledger. Based on this design following are the Period close date in Dec-24

  1. Primary Ledger – Dec 31st 2024
  2. Secondary Ledger Dec 27th 2024

All Subledgers (AP/AR/FA etc.) closes on Dec31st but for Secondary ledger close date is 4 days earlier i.e. 27th . This will mean if we want to post transactions in same period in Primary and Secondary the cutoff should be on 27th Dec which is actually not the close date for PL period

We are trying to understand below process and potential issues we may face during these processes:

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