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Loc: Orlando, Florida USA
FYI... you can include adj period amounts in FR by using a formula and including period 14. The adjustment period is used for year end adjustments that should not affect the normal accounting periods 1 through 12 (or 13) financial reporting. I can't think of a good example, but abnormal accounting adjustments will be done in the adj period. Anything that should appear on financial reports must be done in the normal accounting periods. And don't post anything in the closing period... EVER. I had one client do that and and he wondered why his reports were all screwed up.