Select the type of period for the fiscal year, which is used for general ledger transaction. Select Opening when the period ...

Select the type of period for the fiscal year, which is used for general ledger transaction. Select Opening when the period can be used to record opening balances from the previous period. Select Operating when the period can be used to record accounting transactions. Select Closing when the period can be used to record general ledger transactions when closing a fiscal year.
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