Can I close a period ahead of an adjustment period without needing the adjustment period to be closed?

AI generated answer (using internal Slack threads):

Based on the conversations, it appears that it is possible to close an accounting period while an adjustment period remains open. An adjustment period is considered separate from the regular accounting period. However, it's important to note that closing a period while the costing system is still running can lead to issues. If you reopen a period and the system is still running, it may post adjustments automatically, which could potentially lead to incorrect costs across the board. When closing periods, it's crucial to ensure that all necessary calculations and adjustments have been completed to prevent any discrepancies or issues. This includes tasks such as currency revaluations, intercompany transactions elimination, and inventory cost revaluations. It's also recommended to take a snapshot of the balances and business activity statement/tax reports to track any changes that occur during the closing of the books. Remember to check your intercompany settings and ensure you have default intercompany accounts set. Also, the intercompany Cost of Goods Sold (COGS) account should not be marked for elimination. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******