Resolution

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
Cannot have transactions posted to them.
Will not be included when generating a budget projection
The GL Data Access permission 'allow access to closed accounts' does not allow users to post to closed accounts, but lets them view the accounts on reports and in Account Inquiry.

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, users cannot post transactions against the accounts.
Will be included on reports unless specifically excluded during seg find/Search
Can be included on Budget projections

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