Period-End process is performed at the end of each period(depends on the organization). It is very important in any organization because if the period is not closed, the accounting for that period can not be closed, which will affect the financial results reporting of the respective period.
One can not close any module without following the order.The suggested module wise sequence to be followed for Period-End process is as follows.
1. Projects
2. Payables
3. Purchasing
4. Assets
5. Receivables
6. Inventory
7. General Ledger
One can not close any module without following the order.The suggested module wise sequence to be followed for Period-End process is as follows.
1. Projects
2. Payables
3. Purchasing
4. Assets
5. Receivables
6. Inventory
7. General Ledger
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