Period Closing Date

The first available posting date equals closing date plus one day.

Example

SEMINE Closing date	SEMINE first available posting date
January 31	February 1

The closing date can be synchronized from ERP (see API) or manually set directly in Semine Client settings.

The voucher date will be the first open date after the closing date. For all accounting lines with posting date  before the closing date, the posting date will be moved to the first available date after the lock date.

Example moving the posting date for each posting line

• Closing date set to January 2, 2021 (2021-01-02)
  The first available date will be 03/01/2021. The result is that all lines with posting date prior to the closing date will use the first available posting date instead. 
  
  
• Closing date set to March 1, 2021 (2021-03-01)
  The first available date will be March 2, 2021 (2021-03-02)
  
  Note: Here we also see that all lines that now have equal dates and otherwise equal accounts and dimensions will be rolled up and summed to reduce the number of lines sent to ERP

Lines with a posting date after the closing date remain untouched

• The advantage of synchronizing the closing date via the API is that you only maintain the closing date in the ERP system.
• One advantage of NOT synchronizing the closing date is that you can close the period in SEMINE, but at the same time keep working with the same period open in ERP.