Allowing Close Income Statement without dimensions

The Close Income Statement job creates entries to move balances from Income Statement accounts to the Retained Earnings account.

The company may not require that these end of year entries are posted by dimension. However, there might be dimension setup on the General Ledger accounts that will cause errors when posting the Close Income Statement.

For example, if the General Ledger Account is setup with Dimension Value Posting controls of Code Mandatory or Same Code, and the General Ledger Entry in the Income Statement Account does not have a Dimension Value due to the posting controls being changed during the year, an error will occur when attempting to post the closing entry into the Income Statement account.

Advanced General Ledger will skip Dimension checks when the Close Income Statement entries are posted.