A user enters a Journal Entry with the fields: Posting Period = (any adjusting period),Approval Status = Pending Approval.
When the entry is saved, the Posting Period changes to the non-adjusting period covering the transaction date or the next open period. For example, it was set to Adjust 2020 but it reverts to Dec 2020.
Adjustment periods are used today to allow administrators and controllers to post infrequent financial adjustment in the end of the fiscal year/quarter and fine-tune their financial books. These may only be selected when saving a posting Journal Entry.
If the Status of the entry is Pending Approval, it tells us that it is non-posting. If an Administrator or any approver saves or modifies the entry as Approved, the adjustment period selected shall be retained