The following flowchart provides a series of procedures to follow when performing period-end and year-end processing. Some of these procedures can be performed before or during period-end or year-end processing. You are not required to close a fiscal period before producing financial reports. Based on this functionality, you can post allocations and leave the period open, or post allocations at the end of the period and then close the period. You can also print period-end reports before or during period-end or year-end processing.
For information about other tasks that should be performed before beginning period-end or year-end processing, see Perform Period-End and Year-End Processing.
