Page Comparison

User needs to understand What is the difference between closed Closed and inactive account status to make an appropriate decision.Inactive account statuses? 

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 (other than budget activity if the fund is a multi-year fund) posted to it in the current year.
• Completely closed to input and only prints on reports offering the option to print closed accounts.
• Users
  • Site can close a MY LTD account regardless of current year activity
• Will be included on reports unless specifically excluded during seg find/Search
• Without the GL Permissions to Allow access to Closed accounts, users cannot enter or post transactions against it. the 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.  Prevents posting to an account.
• Without the General maintenance on accounts permissionGL Permissions to Allow Posting to Inactive Accounts, users cannot enter post transactions against itthe accounts.Prints on reports (with appropriate permission). 
• Will be included on reports unless specifically excluded during seg find/Search
• Can be included on Budget projections