Working with Closing Periods

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Typically on the first working day of the month the user responsible for financial closing periods would:

•	immediately add futures, market prices and currency rates of the last trading day to Agiblocks;

•	then mark the previous period as Closed for Trading;

•	and mark the next period as Open.

After data clean-up or in 1 or 2 days this user would mark the previous period as Closed.

In order to deal with events related to past periods becoming known only after a past period has already been closed, Agiblocks allows for certain actions to record next to the actual date of the event, as proven by documentation, a formal transaction date that determines in which period any effects on realized/unrealized P&L will be reported. While the documented dates allow any meaningful value, these transaction dates can only be inside the period that is currently Open (or only Closed for Trading).

Examples are:

•	A delivery screen has the transaction dates next to the documented B/L Date and/or delivery dates

•	On an invoice screen, the posting date appears next to the invoice date.