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 donβt 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. |
