I’m starting to gain a little bit of momentum in getting through the Acumatica University courses correctly. Tonight I passed the F110 Advanced General Ledger (V3.0) course.
One of the things that stood out to me this time around is the hard closing of sub modules. The product that I currently use (Sage 500) is just now finally incorporating this into their current version (7.5). It’s nice that Acumatica is including this from the beginning.
I wanted to test that the hard closing of sub modules feature actually works, so I went into the demo company and closed everything in AP up through period 01-2013. After closing the periods, the Financial Periods (GL201000) screen looks like this for year 2013:
Then I tried to create a bill in the Bills And Adjustments (AP301000) screen with a date that falls in the closed 01-2013 period. To my surprise, I was able to post the bill, although I did get this warning:
As first I was disappointed and thought that the feature wasn’t working. However, I then remembered the Allow Posting to Closed Periods checkbox that is in the General Ledger Preferences (GL102000) screen. Apparently, this is checked by default in the demo company.
So, it looks like the feature is working (whew!). Also, it’s nice that Acumatica gives you the option to hard close sub modules or not. It’s up to you.