Effective life rules

You must set an effective life for each journal. The effective life of a journal defines the starting period and year and the ending period and year that the journal can post to during a consolidation. You can inactivate a journal by setting the effective life back to the last period and year to which the journal should post (for web journals, the revised effective life must include all periods to which the journal has already posted). You can also set up journals in anticipation of their future use. To do this, set the effective life to start at a future period and year.

These general rules govern the effective life of a journal:

• The start period and year must be earlier than the end period and year.
• The effective life must be defined in terms of leaf members of the journal's periodicity. For example, a quarterly journal must have an effective life measured in quarters, not months or years.
• The minimum range is one period. The maximum range is all the periods and all the years in the database.
• The effective life must be outside the focus range.