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Do I need to perform a period end before I perform a year end?

Updated over 2 months ago

You may require a period end depending on your requirements. The below takes you through the three scenarios where you may require to perform a period end or not.
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Scenario

Action

Period 12 is the last period of 12 months year

You don’t need to perform a period end before the year end.

Using period 13 for adjustments

Close period 12 performing a period end first. If you make all the adjustments in period 13, run the year end without another period end.

Running short year

Do a year end in the last period of that year.
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For example, if you want a six period year, do a year end in period six and you won't need to do a period end first.

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