This content has been marked as final. Show 2 replies
Your understanding of the common GL and PA period is correct. That means the period start date and end date are the same in both modules. You open a period in GL and it is open for PA as well. You can close the period in PA, so no new transactions will hit that period in PA. On the same time that period may still be open in GL, in case you need to capture journals from other sources or enter manual journals directly in GL. You should not close a period in GL before closing it in PA, AP, AR, PO etc... You can expect to see that for most PA transactions, the value of the PA period and the GL period are the same.
Some companies manage projects by weekly periods and not by months. In that case, the PA periods are separate and different from the monthly GL periods. You need to open and close the periods independently in each of the modules. A transaction will get to separate attributes, the PA period value and the GL period value.
I tried to tick the check box - 'Maintain common PA and GL periods' in the Implementation Options Form.
But it gives a message - 'The Period Type and Calendar of the PA Period does not match the Period type and Calendar of the corresponding GL Period'
More over I am not getting the 'PA Period Type' field automatically populated on choosing the Summarization Period Type field as 'GL Period' on the same form.
Can you please let me know how to proceed?