Sales order helps in tracking:
- When you close an accounting period, this indicates that posting transactions for the period have been completed. When you close accounting period changes its status from Open to Closed.
- To close an accounting period, Navigate to Setup > Accounting > Manage G/L > Manage Accounting Periods.(Administrator Role)
- In order to close the close the accounting period, user needs to complete the tasks listed in the period close. Period Close checklist column will be available in the Manage Accounting Periods page.
- To close the period >> Click the icon with the magnifying glass to begin >> Complete the tasks in sequence. Periods must be closed in sequential order from oldest to newest.
Estimate can also be known as Quote, it include items proposed for customer purchase, along with price levels, probabilities closing & expiration dates. Estimates can be linked to opportunity record & later can be converted to sales orders.