What is the Accounting Cut Off Date?

The screen at Administration / Accounting / Accounting Cut Off Date allows you to record when an accounting period has been closed. If a date is entered here then the system will only allow financial transactions to be recorded after the date specified. This will stop transactions being recorded in accounting periods that have already been closed. This affects the Document Date and Payment Date validation on:

• Make a Payment in Manage Transactions
• Create a Transaction in Manage Transactions
• Edit Invoice Header in Member Invoices
• Refunds and Dishonours and Edit Payment Header in Manage Historic Payments
• Import Payments
• Import External Transactions.