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Microsoft Dynamics GP 2013 Cookbook by Mark Polino, Ian Grieve

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Preventing entry of wrong dates by closing periods

An important step in maintaining any accounting system is controlling access to financial periods. Financial period balances control how financial statements are presented. Once financial statements are complete, they shouldn't change except in very specific, controlled circumstances. If a firm doesn't properly control access to financial periods, the company's past financial statements will continue to change. In addition to the frustration of trying to compare results to a moving target, continually changing financial statements can cause SEC issues, audit problems, and a loss of confidence in the firm's financial reporting.

The way to control access to financial periods in Dynamics GP is to ...

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