<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tf/onlinemanual/000155" xml:lang="en">
   <Header>
      <Title>Using Period End</Title>
      <Keyword type="header" order="d1e1983672">
         <Level1>Period end</Level1>
      </Keyword>
   </Header>
   <GeneralSection>
      <Paragraph>You run period end at the close of each fiscal period. This process closes the
current fiscal period of your accounting cycle in the <GUIRef href="/baanerp/tf/fam" role="module">Fixed Assets</GUIRef> module. You
must run period end for FAM before you can run period end in the General Ledger
module.</Paragraph>
      <Paragraph>During period end, ERP Enterprise purges the company's historical data for
fully-disposed assets and asset transactions by using the history retention
periods specified. You can run period end for current or previous periods only.
However, you can close the period you are currently working in at any time of
the month. After you close a period, you cannot run asset transactions for that
period.</Paragraph>
      <List>
         <ListIntro>Once ERP Enterprise validates that the previous period is closed, ERP Enterprise performs the following tasks during period end:</ListIntro>
         <ListItem>Removes data for fully-disposed assets based on the history retention periods
specified.</ListItem>
         <ListItem>Removes capitalization, depreciation, adjustment, transfer, and disposal
transaction data based on the history retention periods specified.</ListItem>
         <ListItem>Increments the current period for the selected companies to the next period in
the fiscal year.</ListItem>
         <ListItem>Detects the last period in the fiscal year and resets year-to-date
depreciation to zero for all assets and their books in the current company.</ListItem>
         <ListItem>Inactivates the former period.</ListItem>
      </List>
      <Paragraph>The currently open period is displayed in the <GUIRef href="/baanerp/tf/fam/tffam0100s000" role="session">FAM Parameter (tffam0100s000)</GUIRef> session. The <GUIRef href="/baanerp/tf/fam/tffam8205m000" role="session">Period End (tffam8205m000)</GUIRef> session in <GUIRef href="/baanerp/tf/fam" role="module">Fixed Assets</GUIRef> has been run for all previous periods.</Paragraph>
      <Note>
         <SectionTitle>Note</SectionTitle>
         <Paragraph>ERP Enterprise does not purge data from the ADR books for assets subject to ADR or
MACRS group tax reporting, even if the retention periods have been exceeded. ERP Enterprise will purge the ADR books for these assets when all the assets in the
vintage/group account have been disposed of.</Paragraph>
      </Note>
   </GeneralSection>
</ManualTopic>