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.