The Key Pointers for Accounting and Reporting Sequences

The Key Pointers for Accounting and Reporting Sequences

Following is a list of few Key Pointers with respect to Reporting and Accounting Sequences.

1. Secondary Ledger Propagation : Sequences assigned to a primary ledger do not get propagated to the secondary ledger. One will have to create a different sequence assignment for secondary ledger in addition to primary.

2. Previous Open Periods: When there is a previous period open in General Ledger, journal entries belonging to a closed period are not eligible for sequencing.

3. Succeeding Closed Periods: If there are succeeding closed periods, the sequences assigned to journal entries that belong to these closed periods would get erased. Users will have to reopen these periods again to regenerate the sequences.