Simultaneous Periods Open

ActiveApplications allows your company to keep processing and posting transactions from Payables, Receivables, and all other applications while to computer determines the period for a transaction based on the transaction date. The company definition defines what period is placed on a transaction

On the other hand for audited financial statements and other purposes you may not wish to restate previously closed periods if a bad transaction date is keyed by mistake. To counter this possibility periods in various application can be closed. It is simple and easy to close or open periods previously closed.

When posting to ledger you do not have to worry because ActiveApplications is your accounting program