Validity period for accounts and dimensions

New feature for those who process purchase invoices in Next®

In order to enhance the quality of accounting data - and at the same time make Next® Invoices easier to use - we now limit the ability to use a given account for coding, with a validity period. If you try to post to the account outside the valid period, the account is simply not available.

When you code purchase invoices with dimensional values - e.g. Project number or Order number to name a few - the same applies here. This allows you to effectively block for further posting on projects that are already closed and finalized, and orders that are already processed and invoiced.

Combined with the overall General Ledger Posting Periods, you now have all the features you need to control the dating of your postings. 

Chart of accounts

In the Chart of accounts you can specify the open (or valid) period to be all of August. 


Account


Valid

1010


01.08.21 - 31.8.21


Coding the invoice

When you then code the invoice with a posting date in September, you simply do not see the account that is only valid in August.





Before final posting

Before the final postings are transferred to your financial system, Next® verifies that all postings are done to accounts and dimensions that are valid. 

If not, a 'Post-check' task is created, and you will be asked to resolve the conflict. Either by changing posting dates, accounts, or dimensions. Or, by changing the validity period. 


Additional information

Please refer to the online product guide for additional information on this feature, once it is released.

For the techies

The validity periods may be transferred from the finance system, or maintained directly in Next®.

Commercial terms and conditions

This new feature is available at no additional cost, to users with an active service plan. Any consultancy assistance will be invoiced. 

Disclaimer

Despite our best efforts, we may be forced to change both content and expected delivery of future product updates without notice.


Details

Title:

Validity period for accounts and dimensions

Type:

New feature

Status:

Released

Expected release:

July 2021

Affected products:

Next® Invoices

Audience:

End user

Classification:

Public

Responsible product manager:

Jørn Manfeld Christensen

Updated:

09.07.2021

By:

Henrik Fjorback