Closing cash ledger company periods
If you use closing control,
you must close your Cash period before you can close Global Ledger.
If you used system control in Global Ledger, then you must process the company period closing at the end of each accounting period. When you close a company period, bank transaction dates are edited to ensure that all transactions have been transferred to Global Ledger for the closing period.
If a transaction date exists that has not been transferred to the general ledger, then an exception report is created that shows the transactions. When all transactions have been transferred, system control is updated with the next valid date range and Global Ledger can be closed for the period.