Hi Peter

I guess we just disagree. What you are describing would not work in practice unless the AP clerk and the GL clerk are the same person. I can just imagine an AP clerk not being able to pay a bill using the right date because somebody closed a GL fiscal period. The uproar that would cause! The general theory about separation of duty is that an AP clerk should just be able to do his/her work, without having to think about GL implications (other than coding to the proper account).

The best practice is to print a subledger report that agrees to the GL balance right before closing the fiscal period. If you are afraid of losing the printout, print to file as well. What can be the objection to that, especially since there is no time restriction on how many days after actual period-end this can be done?

Steve