When closing an accounting period, it is recommended to close some of the third parties accounts. This closing relates to all third-parties with whom there will be no more exchanges during the accounting period to create.
The projects of this third-party are terminated and closed. There will be no more projects nor financial flows with this third-party in the accounting period to come. It is therefore not necessary to keep an active third-party record sheet, and the sub-account does not need to be in use anymore.
The accounts linked to the customer are closed and the links with this customer are deleted.
The third-party record sheet is hidden in the search results by default. However, you can start searches among closed record sheets by clicking on the All or Closed criteria.
Note: the inactive third-parties cannot be used anymore to create a project or a business object. However, these third-parties will be active again afterward if needed. To do so, go to Edit > Re-open the account.
A sub-account can also be closed no matter whether the third-party's record sheet is still open.
Closing an account removes the account from the help lists. It cannot be used for new objects. However, existing objects still exist.
Closing the account prevents from using the account, even for the existing objects validation.
It works in the same way as the closing of the general accounts.