Activating / Inactivating finance book

This page allows you to activate or inactivate a finance book based on the business requirements. Tell me more.

Select the “Activate / Inactivate Finance Book” link under the “Organization Setup” business component..

The “Activate / Inactivate Finance Book” page appears.

Enter the following field:

Company Code

Use the drop-down list box to select the code identifying the company for which you want to activate or inactivate the finance book details. All the companies that have been created for the installation will be available for selection in the ascending order.

The system displays the following:

Company Name

The name identifying the company.

Enter the following field:

Effective Date

The date from which the finance book has been activated or inactivated (Date Format). The system date is displayed by default at launch of the page.

Note: The date entered in this field must be the same or later than the system date if finance book is selected for inactivation.

The system retrieves and displays the following in the “Finance Book Details” multiline for the selected company:

Note: The system retrieves all the “Posting Finance Books” for activation or inactivation.

Finance Book	The code identifying the finance book.
Finance Book Description	The textual description of the finance book.
Book Type	The type of the finance book. It must be “Posting FB”. Posting FB – indicates the finance book in which financial transaction postings are made. A company can have multiple posting finance books but it is mandatory to have at least one “Posting” finance book.
Deployed At	The organization unit in which the finance book has been deployed.
Status	The status of the finance book. It must be “Active” or “Inactive”.
Start Date	The date from which the finance book is in active use.
End Date	The date till which the finance book will be in active use.

Check the box in the “Select” column of the multiline to mark a finance book for activation or inactivation.

Note: You can activate a finance book that is in the “Inactive” status.

Click the “Activate Finance Book” pushbutton to activate the finance book.

The status of the finance book is updated as “Active”. The system updates the status of the finance book along with the company code.

Note: You can inactivate a finance book that is in the “Active” status. If the selected finance book has some “Inter-FB” accounts, you can inactivate the finance books after the inter finance book reconciliation is completed.

Click the “Inactivate Finance Book” pushbutton to inactivate the finance book.

The status of the finance book is updated as “Inactive”. The system updates the status of the finance book along with the company code.

To proceed, carry out the following

Select the "Attach Notes" link from the bottom of the page to record your observations.