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What is use of AP Accounting Periods?

Question Posted / omsai

Answer Posted / omsai

AP ACCOUNTING PERIODS HELPS TO PERFORM INVOICES RAISING AND
PAYMENTS MADE WITH IN THE THE APPLICATION. BEFORE WE
TRANSFER BALANCES TO GL , WE NEED TO CLOSE THIS SUB LEDGER
PERIODS. AFTER FROM THAT, IF PROPER VALIDATIONS ARE NOT
TAKEN AND HOLDS EXISTS ON EIGHER INVOICE OR PAYMENT THEN WE
CANT CLOSE AP PERIODS..WHICH INTURN EFFECTS ON GL CLOSE AS
WELL AS CONSOLIDATION

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