Payables and Cash Management - EBS (MOSC)

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Payables Soft Close?

edited Mar 30, 2011 3:22AM in Payables and Cash Management - EBS (MOSC) 5 commentsAnswered
Good day. I am wondering if there is the ability to "soft close" Payables in any given month? And if so, what additional steps are required and/or is there a corresponding effect to closing Purchasing (since I was instructed that Payables needs to be closed prior to closing Purchasing? I am looking to see if we can either make Accounting adjustments and/or add additional invoices within a given month before officially closing the month.

Our current procedure involves:

-Running Invoice Validation for all entered invoices

-Create Accounting Events (not importing to GL) and make any necessary changes

-After all changes have been made to the distributions, we run the Accounting Events again and import to GL

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