Calendars and Closings

The calendars you select for accounts payable, accounts receivable, and general ledger affect your ability to close periods properly, and depending on circumstance, can affect your ability to post.

Accounts payable and accounts receivable calendars are selected on the Periods Tab when setting up a PropertyCompany. On that same tab, calendars are also associated with EntitiesCompanies and by association with general ledger accounts. The general ledger calendar is selected on the Setup Entities TabGeneral Tab when setting up an EntityCompany. Because you can select calendars that affect EntitiesCompanies and by association general ledger accounts on two separate tabs, you can set up so that you are able to close a general ledger period, while the corresponding accounts payable and accounts receivable periods are still open. When this setup exists, you cannot post to accounts payable or accounts receivable.