Hi Tanja,

If your sub-ledger processing would complete around mid-April, then that would be a good and typical time for Closing 2009/10.

If you know you have to process transactions in AR, AP or BR with dates in the 2009/10 fiscal year, then it usually is advisable to hold off on closing the sub-ledger year, and thus also hold off on closing the year in Ledger. But don't wait until you are 100.00% that nothing more is coming - 99.9% is enough. And closing a sub-ledger would not prevent you from further posting and retrieval into the correct Ledger fiscal year, it's just not ideal.

Again, there is no rush to close the year in Ledger. And there is no problem in entering and posting April transactions in your subledgers, provided that the Ledger 2010/11 fiscal year is opened, so that retrieval into Ledger puts them in the right batch. That is the purpose of the 'soft year end' within Ledger.

Others reading this thread may also have comments - please do share.