Accounts that will no longer be used may need to be adjusted to inactive before being closed due to current year activity preventing closing. Closed: - Can only be designated if no activity posted to it in the current year
- Site can close a MY LTD account regardless of current year activity
- Will be included on reports unless specifically excluded during seg find/Search
- Users Without the GL Permissions to Allow access to Closed accounts, users cannot enter or post transactions against itthe accounts.
- Will not be included when generating a budget projection
Inactive: - Can be designated any time in the fiscal year, even with current year transactions
- Without the GL Permissions to Allow Posting to Inactive Accounts permission, users cannot post transactions against itthe accounts.
- Will be included on reports unless specifically excluded during seg find/Search
- Can be included on Budget projections
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