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Retail ADVANTAGE Point of Sale Software Online Manual Section 7.8

SELECT GENERAL LEDGER THEN SELECT CLOSE GL

Here in the ADVANTAGE POS Software system, you can close the general ledger system up to a certain date.  

Closing the GL is basically indicating what date you do not want any more data entered prior too.  This is important if you have already generated financial statements and given them to outside entities like banks and government agencies.  

You can enter or delete invoices in a prior GL period.  You can not enter bills, checks or bank transactions in prior GL period.  You can not enter or delete journal entries in a previously closed period.  You can not process payroll in a prior period.

Retail ADVANTAGE Point of Sale Software Online Manual Section 7.8

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