This idea has been merged into another idea. To comment or vote on this idea, please visit VACCTG-I-819 In GL Monthly Close, allow sub ledgers to be closed individually..
Being able to close out module by module is very helpful to preclude transactions from later months being posted into prior period rather than waiting for all sub ledgers to be closed at same time.
Guest
| Company | MTH Industries |
| Job Title / Role | CFO |
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It would be helpful if sub ledgers could close in phases. AP, AR, JB and Payroll. Then JC and PM. Things that hit the GL close, but things that don't hit the GL, such as JC Progress Entry could stay open for example. This has proven to be tricky for us.
I think this would be helpful if we could close all subledgers that post costs or billings to the month but still allow projections to be posted in that same month. I often have people posting costs to a month I am trying to close but can't physically close it yet because Contract Managers are updating projections.
Given no feedback or additional detail on this request, we will leave the current grouping of sub-ledgers in place to control month-end close.
The existiing GL Month End Close process for sub ledgers allows you to close all AP (cost) related activity separately from AR (billing) activity, followed by all other sub ledgers before closing out the month.
Due to the high degree of integration between Vista sub ledgers and feedback from customers, it was determined that trying to follow strict module boundaries was not practical, nor seemed to address the primary concerns for control. Providing the means to close and prevent further cost entries, so month end billings can be prepared and finalized, then closing off revenue and receipt entries ahead of a final GL close for the month has worked well for many contractors.
If this is insufficient, please explain why and outline how the individual sub ledgers should be controlled (i.e. how to handle an AP invoice referencing a PO posted to JC job when one or more of the modules is closed)