Posting to brought forward (B/F) and adjustments periods

This article covers the two special period types iplicit uses during Year End Rollover: brought forward (B/F) and adjustments. Both sit alongside your normal financial periods, but each has a different purpose.

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What is a brought forward (B/F) period?

The brought forward (B/F) period is used during Year End Rollover to post opening balances into the new financial year. iplicit uses this period to carry your closing balances forward, so this is not a period you would normally post into yourself.

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What is an adjustments period?

The adjustments period is used for posting manual journals to correct or adjust brought forward balances after Year End Rollover - for example, audit adjustments or rollover corrections identified after the year end has been run. It sits separately from your normal trading periods, so adjustments here do not affect the figures already reported in a closed period.

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Can I post invoices into a B/F or adjustments period?

iplicit does not recommend posting purchase invoices or sale invoices into a B/F or adjustments period. Both period types are intended for manual journals only, typically for audit or rollover adjustments. Posting invoices here is possible if the document type allows special periods, but it isn't good practice and can make your brought forward figures harder to reconcile. 

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How to access a B/F or adjustments period

1. Check that 'Allow special periods' is ticked on the document type you're posting from - go to Document types, select the relevant type, and check the 'Period' tab
2. Confirm the B/F or Adjustments period you need is open - only open periods appear as options
3. On your document, select the Period field
4. Choose the B/F or Adjustments period from the list.

If the period you expect doesn't appear in the list, check that it's open rather than assuming the feature isn't working. See 'How to unlock a period in iplicit'.