Chapter 2. Setting Up
Valid Input Date Range and Retained Earnings
The valid input date range is used to control the editing of an existing voucher and the insertion of a new voucher. In Pericles Financial Account System, vouchers may only be edited or added if and only if the voucher date is within the valid input date range.
The date range ensures that the consistency principle of accounting is adhered to , and at the same time safeguards against any unnecessary input errors.
To set the valid input date range , select [Application Setting] , the valid input date range.
The starting month of the input date range must be earlier than the opening balance month of the books. However , there is no preset limit to the ending date of the range.
The retained earnings account is for reporting purposes and posting of the net gain/loss amount when purging the transactions of the previous year.
The exchange gain /loss account is used when the A/R & A/P exchange difference transactions are settled.
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