Still celebrating National IT Professionals Day with 3 months of free Premium Membership. Use Code ITDAY17

x
?
Solved

Closing the FA Period in GP 10.

Posted on 2010-08-23
2
Medium Priority
?
874 Views
Last Modified: 2013-12-11
Is there a way to close the FA Fiscal Period in GP? It is very confusing when you see in the Financial Detail Display that a particular transaction has a "GL Posting Trx Date" of  August, 10, 2010 but the "FA Period" is '2009-012'!   I am not sure how to prevent this from taking place.  If there was a way to close the FA Period then we would do this as part of the month end process so that the GL Period  always corresponds to the FA Period.

Thanks
0
Comment
Question by:drivingforce
[X]
Welcome to Experts Exchange

Add your voice to the tech community where 5M+ people just like you are talking about what matters.

  • Help others & share knowledge
  • Earn cash & points
  • Learn & ask questions
2 Comments
 
LVL 18

Accepted Solution

by:
Victoria Yudin earned 2000 total points
ID: 33504404
There is no way to close an FA period, only the year.  But even then, if you enter a new asset with an acquisition date in a closed year, there will be at least one record in the financial detail for an FA period in that year.  Having a different GL posting date and FA period is no different from having a different Invoice Date and GL posting date in AP or AR and should typically be ok, accounting wise.  If this is causing issues, then my first step would be to train the users entering new assets to make sure they do not keep doing whatever is causing the issue.  (Most likely not entering new assets in a timely manner.)

While you could prevent this with a customization, it would probably not be trivial and I think it may actually make it much more difficult to use the FA module as intended.
0
 

Author Closing Comment

by:drivingforce
ID: 33504587
Thanks
0

Featured Post

Technology Partners: We Want Your Opinion!

We value your feedback.

Take our survey and automatically be enter to win anyone of the following:
Yeti Cooler, Amazon eGift Card, and Movie eGift Card!

Question has a verified solution.

If you are experiencing a similar issue, please ask a related question

Hi, I've just fixed a problem with Sage 50 Accounts 2010 crashing when creating a new Company.  I've spent nearly 4 hours on it including three calls to the Sage helpdesk (they didn't work it out in the end - I did!) ... so I thought I'd share th…
If you need to import sales transactions from another system into Microsoft Dynamics GP as Sales Order Invoices, you may need to store some additional data related to the customer, the transaction, or the line items.  Even if your company is manuall…
Visualize your data even better in Access queries. Given a date and a value, this lesson shows how to compare that value with the previous value, calculate the difference, and display a circle if the value is the same, an up triangle if it increased…
We’ve all felt that sense of false security before—locking down external access to a database or component and feeling like we’ve done all we need to do to secure company data. But that feeling is fleeting. Attacks these days can happen in many w…

670 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question