Financial Periods: Implementation Checklist
To ensure that the system has been configured properly for managing financial periods, make sure that the criteria listed in the table have been met in the system as described.
| Form | Criteria to Check | Notes |
|---|---|---|
| Enable/Disable Features (CS100000) | Make sure the minimal features have been enabled, as described in Company Without Branches: General Information. |
Settings That Affect the Workflow
The following settings and entities should be specified and defined, respectively:
- The following common settings should be specified on the Enable/Disable Features
(CS100000) form:
- The Multibranch Support and Multicompany Support features should be enabled to maintain multiple companies in one tenant and multiple branches and to make it possible to enable Centralized Period Management feature.
- The Centralized Period Management feature should be disabled to make it possible to open, close, and lock a particular financial period separately for each company within the tenant.
- The following general ledger settings should be specified on the Posting
Settings tab of the General Ledger Preferences (GL102000) form:
- Select the Restrict Access to Closed Periods check box to allow posting to closed periods to only users belonging to the Financial Supervisor role.
- The following settings should be specified on the User Roles (SM201005)
form:
- Make sure that the user you are going to use in the process activities later has been assigned to the Financial Supervisor role. Users assigned to this role can reopen Closed periods and unlock Locked periods, and also post to closed periods even if the Restrict Access to Closed Periods check box is selected on the General Ledger Preferences form.
With these settings specified, users in your company can record and process documents in MYOB Advanced quickly and accurately, with a minimum of manual actions.