Periods 13-16 in the Infor d/EPM business applications

Fact data for periods 13-16 is usually used for corrections, adjustments, or closing entries (closing bookings).

A closing entry is a journal entry that is made at the end of the accounting period. A closing entry involves moving data from temporary accounts on the income statement to permanent accounts on the balance sheet. All income statement balances are eventually transferred to retained earnings.

In Budgeting & Planning, periods 13-16 are separated with the Level dimension and aggregated to period 12.

In Financial Consolidation, periods 13-16 are loaded to period 12 without the level separation. Therefore, you must exclude closing entries from the data load. Otherwise, the profit and loss accounts for period 12 are zeroed.