Inactive and Closed account status difference

User needs to understand the difference between closed and inactive account status to make an appropriate decision.

Account Master

Accounts 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 cannot enter or post transactions against it. 

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 permission, users cannot enter transactions against it.
• Prints on reports (with appropriate permission).