General Ledger - EBS (MOSC)

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Impact of closing GL periods early

edited Oct 1, 2016 11:37AM in General Ledger - EBS (MOSC) 5 commentsAnswered

Our GL periods are monthly based and run from the 1st of the month to the last day in the month. Currently the business closes a GL period 3 days after it has ended, however they are now looking to close a period 2 to 3 days before the period ends. Would this work or are there any technical or financial reasons why the business shouldn't do this?

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