1.3 Process

1.3.1 Post Transaction

At the end of the year, the general accountant will transfer all account balances to the next fiscal year.

1.3.2 Un-release Batches

This function allows users to restore the original status (Hold) for journal entries that have already been posted or released.

Restoration Guide

· Subsystem: Select the accounting subsystem to be restored:

o General Ledger (GL)

o Accounts Payable (AP),

o Accounts Receivable (AR),

o Cash Accounting (CA),

o Inventory Accounting (IN),

o Fixed Asset Accounting (FA).

· Adjustment Period: Select the posting month or year, then click Load to display the list of journal entries that have been locked.

The grid in the window will display all journal entries recorded in the closed accounting period.

· Select the journal entry to be un-released.

· Click Execute to perform the action

1.3.3 Closing Data By Month

Used to lock the accounting books, preventing any edits by users without the appropriate access permissions.