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Risks and Considerations for Closing the Fixed Assets Module Mid-Month

in Assets 1 comment

Dear All,

Thank you in advance for your help.

I am seeking guidance on the potential risks and considerations associated with closing the Fixed Assets module in the middle of a month.

Specifically, I would like to understand:

  • Potential risks: What are the potential risks or issues that may arise from closing the Fixed Assets module prematurely, particularly in the middle of a month?
  • Data integrity: How might mid-month closure impact data integrity, such as accurate depreciation calculations, journal entries, and reporting?
  • Best practices: Are there any best practices or recommended procedures for closing the Fixed Assets module mid-month to minimize risks?
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