General Ledger - Frequently Asked Questions

What is the functionality of Period 13?

Period 13 is used as an adjustment period for a fiscal year with 12 periods. It is used to make adjustments to the previous year when performing the year end process. For more information on creating an adjustment period, please refer to the Adjustment field in Period Dates.

When performing the year end process, enter adjustments in the Enter Year End Transaction node of the Perform Year End process train (standard Treeview path: General Ledger > Period End > Perform Year End). These transactions will be posted to period 13 as adjustments.

To make adjustments to a previous year that has been closed, first re-open the previous year, make adjustments to period 13, and then close the year again.