Close Procedure
Explanation
This activity is used to close a selected cost allocation procedure. This
is done when the cost allocation is finalized.
Prerequisites
In order to perform this activity:
- All the steps of the selected cost allocation procedure should be executed.
- The status of all the distributions and factors of the selected cost
allocation procedure should be either Prepared or Used.
- If the allocation type of the selected cost allocation procedure is
Actual, all the vouchers generated for it should be updated to the
relevant ledger.
System Effects
As a result of this activity:
- The status of the procedure will change to Closed and the system
date will be automatically displayed in the Date Closed field. The
user ID used to perform this activity will be automatically displayed in
the User ID field.
- It will not be possible to modify the cost allocation procedure. If
there are no subsequent cost allocation procedures of the Active
status, you can change the status of a closed cost allocation procedure
to Active for the purpose of modifying it.