Before you create period close rules, you use each entity's Accounting Period Rule Date field (tag 2300) to indicate the criteria that the system uses to identify the period close rules for the entity's transactions.
If the entity uses period close rules applied across a group of funds, you use the Accounting Date Rule Group field (tag 4303) to identify the entity group that has period close rules used by the entity. These fields appear in the Create/Edit Entity panel and the Create Master Fund panel.
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WRITERS NOTE: update entity fields used; remove Accounting Date Rule group? Used for other purposes? update on other panels too. If this accounting period rule is a value other than the System Default value, you can set up a period close rule using the Add Period Close Rule panel. This event and procedure look up these period close rules for how to set the accounting date. A setting of system default sets the accounting date equal to the trade date if the accounting period is open, otherwise, it uses the latest open accounting period. |