On financial accounting conversion day, the first step is to post the general ledger and close out your accounting period.
Conversion day can be the first day of any accounting period
Conversion day is the day when you transfer open invoice amounts and beginning account balances to the financial accounting system for live use. Conversion day can be the first day of any accounting period.
Financial Cutoff Date
The first conversion day step is to go to the Financial Cutoff Date screen and set the date to the first day of the new accounting period.
Suspend accounting processes until conversion day is completed
Until conversion day is completed, suspend all accounting processes, including customer invoice posting, supplier invoice entry, and batch posting. There is no need to suspend any operating processes.
