Account Status

The Status field in the Account Description record is used to indicate whether the account is available (status A for “Active”), or unavailable (status I for “Inactive”) for posting.  If an account is set to status I, the system will block posting to the account and it will not automatically create account period records for the account when it is created, or when account period records are created in bulk at a later time.  Inactive status is normally used for header and footer accounts (used only for formatting financial statements) or for identifying accounts that you no longer wish to post to.


Accounting Periods