Closing Accounts Payable and Accounts Receivable separately

Robert Cestola
Robert Cestola
Name Dropper First Anniversary Facilitator 1
in Blackbaud Financial Edge NXT® General Discussions

I'm looking to close periods for Accounts Payable and Accounts Receivable separately from the General Ledger.

Comments

  • Nikki Baldwin
    Nikki Baldwin Blackbaud Employee
    Tenth Anniversary Kudos 4 Name Dropper Participant

    @Robert Cestola
    You can only close periods as a whole for all subledgers and GL – there isn't a way to only close the period to a specific subledger

  • Robert Cestola
    Robert Cestola
    Name Dropper First Anniversary Facilitator 1

    @Nikki Baldwin
    Thanks, Nikki. At a prior company, I was able to close a/r, a/p, and the g/l separately for each property in database. Is that no longer an option?

  • Nikki Baldwin
    Nikki Baldwin Blackbaud Employee
    Tenth Anniversary Kudos 4 Name Dropper Participant

    @Robert Cestola, that's never been an option in Financial Edge 7 or Financial Edge NXT – we've only allowed for closing by periods or years which would affect all ledgers.

  • Cyndi Park
    Cyndi Park
    Kudos 1 Facilitator 1

    How does this get on a list for BB because finance people like to have at least AP closed prior to closing of GL? It doesn't make any sense because as I am doing final allocations, an AP transaction can sneak in. This is the only accounting system that I have used which doesn't have this feature.

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