Considerations for closing a period
Even if you do not run the closing program for Project Accounting, you should consider the order in which other processes occur toward the end of a period and how they impact subsequent processes.
For example, if General Ledger allocations affect pool balances or drivers for activity allocations, you should perform the General Ledger allocations before you process activity allocations. On the other hand, activity allocations may affect account balances used in General Ledger allocations. In this case, you would need to post activity allocations before processing the General Ledger allocations.
Reconciling activity data
As part of your period-end procedures, you need to reconcile activity information with data in other Lawson applications. You can reconcile activity balances to General Ledger, and you can reconcile activity transactions to Accounts Payable, Payroll, and Asset Management.