MB-310 — frequently asked questions

It controls whether financial dimensions are included in the opening balance transactions created for the new fiscal year after the year-end close.

You must configure the Year-end close template to preserve dimensions, often by ensuring relevant dimension settings like 'Transfer profit and loss dimensions' are set correctly and opening transaction dimensions are enabled.

Updating period status affects all modules uniformly (e.g., Open, On Hold, Closed). Updating module access allows you to set different statuses for different modules (e.g., AP Open, AR Closed) within the same period.

You cannot close a period for just one module by changing the overall period status. You must use the module access settings in the ledger calendar to selectively permit or deny posting rights per module.

Sales Tax is used when the vendor has nexus (physical presence) and collects tax from the customer. Use Tax typically applies when the customer owes tax to the state because the vendor did not collect it, or when the vendor buys goods for internal use.

The 'X' indicates that the legal entity has a physical presence or economic nexus in that state, creating a liability to collect and remit sales tax on taxable transactions.

Advanced bank reconciliation supports standard formats like ISO20022, BAI2, and MT940. You configure these in the Bank statement import setup.

A number sequence generates unique IDs for bank statements and reconciliation journals, ensuring proper tracking and audit trails within the system.

This occurs when the posting criteria is set to 'Minimum' or a similar restrictive option that filters out profit variances.

Standard posts all variances (profits and losses), while Minimum typically posts only losses or smaller variances depending on configuration.

Debiting the expense account increases the total expenses on the Profit & Loss statement, reflecting the consumption of the prepaid benefit.

Selecting 'Quarter' would expense one-third of the total amount every three months instead of one-twelfth every month, violating the 'equal monthly' requirement.