Sub Ledgers

Displays the last calendar month closed in the Accounts Payable, Accounts Receivable, and All Other Sub Ledgers. The system automatically updates these fields when you close a month in GL Month End Close for the selected sub ledgers, and may not be changed once the transactions have been posted.

During implementation, it is recommended that you set these fields to two months before the month that you plan to go live on the system. This allows you to enter balances up to the month before you will go live and then begin entering live data into the next month.

General Ledger

Displays the last calendar month closed in GL. This period is always equal to or older than the period indicated for sub ledgers The GL Month End Close automatically updates this field and it may not be changed once transactions have been posted. It is recommended that you set the last month closed to be the last month of the prior fiscal year-end.