One of the challenges of UniPhi's live reporting framework is that trending of information as well as locking in what has been reported to external stakeholders is not possible...until UniPhi 19 that is. Now finance can control the data they've reported via month end snapshots.
There's a few configuration changes that are required to get this working. The first is understanding the difference between "Period Closed" and "Reporting closed". Closing a financial period locks off that period from new invoices, timesheets and expenses being dated in that month. However, adjustments from the accounting system may be required to complete the reporting picture. By locking off the period first, making adjustments and then locking off the reporting period, finance have control over what they're reporting.
When the reporting closed option is marked as yes and saved, UniPhi 19 processes a snapshot of all the quantitative data in the system that you wish to be able to refer back to. The settings for what to snapshot are in the various modules configuration screens as per below:
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| Setting to snapshot all revenue and cost forecast information when reporting period is closed. |
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