Can multiple accounting periods be open simultaneously in AR?

Question:

Can multiple accounting periods be open simultaneously in AR?

Detail: I'm not ready to close the month in AR but I want to enter transactions into the new month.

Resolution:

Yes- you can still be working on closing one month but enter cash receipts to the new month. 

AR General Profile option #56-ALLOW 2 PERIODS OPEN FOR CASH ENTRY/UPDATE, must be set to 'Y. 

Instructions:

Take option 1-General Function from the main menu and then take option 7-Setup Profiles. 

Take option 2-General Profiles Y/N Fields and enter Area Code 'AR and press ENTER. 

Find record #56--ALLOW 2 PERIODS OPEN FOR CASH ENTRY/UPDATE, and set to 'Y'. 

Press ENTER and F20 to accept. 

There is also a Corp Specific profile, #95-ALLOW CASH ENTRY INTO NEXT PERIOD that allows you to enter cash receipts into the new month, but does not allow posting of those new period batches until the prior month has been closed.