In IAR, what does an "O" in the status field indicate?

In IAR, what does an "O" in the status field indicate?

• A. The document is out of period, but will be processed
• B. The document is approved
• C. The document is cancelled
• D. The document is on hold

Answer: (A)

In IAR, status codes show where a document is in the processing workflow and which accounting period it belongs to. An O means the document is out of period; it doesn’t belong to the current open period and will be processed in a future period. This flag ensures postings occur in the correct period and prevents posting in the wrong window. It’s different from a document that’s approved (ready to post in the current cycle), cancelled, or on hold (paused).

In IAR, status codes show where a document is in the processing workflow and which accounting period it belongs to. An O means the document is out of period; it doesn’t belong to the current open period and will be processed in a future period. This flag ensures postings occur in the correct period and prevents posting in the wrong window. It’s different from a document that’s approved (ready to post in the current cycle), cancelled, or on hold (paused).