In IAR, what does an "O" in the status field on the Sales Report Transactions screen indicate?

In IAR, what does an "O" in the status field on the Sales Report Transactions screen indicate?

• A. The transaction is out of period
• B. The transaction is open
• C. The transaction is on hold
• D. The transaction is posted

Answer: (A)

The status in the Sales Report Transactions screen communicates where the transaction sits in terms of timing and posting. An O means the transaction is out of the current reporting period. In practice, this means the transaction’s date falls outside the period you have open for posting or reporting, so it won’t be included in the current period’s figures or eligible for posting until the period is opened or the date is adjusted to a valid period. This is different from an open status, which would indicate the transaction is ready to post within the current period, and from on hold or posted, which indicate other processing states. When you see an O, you’ll typically verify the transaction date and period settings and coordinate with the appropriate person to align the transaction with the correct period or open the needed period.

The status in the Sales Report Transactions screen communicates where the transaction sits in terms of timing and posting. An O means the transaction is out of the current reporting period. In practice, this means the transaction’s date falls outside the period you have open for posting or reporting, so it won’t be included in the current period’s figures or eligible for posting until the period is opened or the date is adjusted to a valid period. This is different from an open status, which would indicate the transaction is ready to post within the current period, and from on hold or posted, which indicate other processing states. When you see an O, you’ll typically verify the transaction date and period settings and coordinate with the appropriate person to align the transaction with the correct period or open the needed period.