Keeping all the Accounting periods open in AP, AR & GL

 Our client wants to keep all the accounting periods open for AP, AR & GL. for a particular year.

AP : They are in a practice of issuing Post dated cheques. To book the liability in a future period they want to keep open all the accounting periods in AP.

AR : Similarly in AR, they are also  receiving Post dated cheques.. To recognize the revenue in a particular future period, they want to keep open all the accounting periods in AR.

GL : And to post these payments & receipts in the same periods, they want to keep corresponding GL periods also open.

We know that keeping more periods open will result in Financial Irregularities & to maximize the efficiency of GL posting process, as well as to minimize the possibility of user errors, we should limit the number of accounting periods that are open at one time.