Adjustment entry in closed period
Hello,
Customer on 12.1.3 is seeking advice on how to create adjustment entries in GL i.e relating to TAX, once the period is closed
While the customer understands that unless they re open the closed period, they cannot enter the adjustment journal in the period to be re opened and post, as the customer requirement is to allow adjustments entry for a specific journal source in a closed period, is there a way to achieve this?
What is the Industry best practice to make the adjustments after the period is closed and re-opened scenario?
The adjusting period in the calendar is only at the end of the year and customer see's this as a monthly business requirement for their TAX Team to evaluate and if necessary make the adjustment entry
Customer on 12.1.3 is seeking advice on how to create adjustment entries in GL i.e relating to TAX, once the period is closed
While the customer understands that unless they re open the closed period, they cannot enter the adjustment journal in the period to be re opened and post, as the customer requirement is to allow adjustments entry for a specific journal source in a closed period, is there a way to achieve this?
What is the Industry best practice to make the adjustments after the period is closed and re-opened scenario?
The adjusting period in the calendar is only at the end of the year and customer see's this as a monthly business requirement for their TAX Team to evaluate and if necessary make the adjustment entry
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