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Forum Post: Closing Fiscal Periods

Can Fiscal Periods be closed before a calendar year is closed and before 1099's are run?  Our fiscal year-end is 6/30/13 and that fiscal year was closed as a year-end close, but the periods have not be closed yet (7/1/12-6/30/13).  Is it ok to close all periods to date (through 12/31/13) in all modules, including Purchasing, if the calendar year is still open and 1099's have NOT been run yet?


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