we have both AP and GL system for FE. I know we can close the period for specific month in GL, which prevents the furthur data entries. Is there a similar function for AP system only? because there could be a time difference for AP person and GL person to close the month. And the data entry in AP system will definitely affect the monthly closing process for GL person. If we can clost AP, say january seperately, then we can have a better closing process for GL. any thoughts? Tks for sharing.

We have that problem also. I havent found anything that allows us to close AP.

I do not believe there is a way. Closing is really shutting down the ability of the AP or other module tables to post to the GL. The GL by definition is a set of tables that is either open or closed (to everything). You might be able to write a query that spots pre-dated items or possibly watch the month of the JE before you post it for your modules.

if posting date is your problem then maybe you can choose when your invoices are posted as a solution. I use Option in AP (in Tools) and then -> Invoice ->Invoice Activity where you can set -> Invoice Post Date. In one of our companies when this is an issue I set it up as Today and I never have a problem with posting anything to past months. Hope this helps

What we do: Any invoices received in December not going to be paid until December go into an excel spreadsheet first not Financial Edge. That way we clean out everything in the A/P by Dec. 31. We create a GL entry to record everything that is in the spreadsheet manually. That way we know exactly what we are reporting to the auditors at year end and we have a file back up of A/P invoices to match.

 In Jan. we enter these invoices all with the post date 1/1/XX and we record them as going in and out of the same account (A/P) so they don't get recorded as being paid twice. If the invoice is an invoice for the new year and just received early than we just hold on recording until the new year or if it must be paid before the new year it is record in a prepaid account just like the expenses above.