One of the great strengths of the Technology One suite of modules is the logical design and flexibility. The system can cater for up to 60 financial periods which may start and finish on any date, though the vast majority of users operate 13 periods from July to June with Period 13 for End of year adjustments and Period 14 used by End of Year Allocations used to calculate profit and loss and carry forward balance sheet balances. Most Organisations develop their own Year End Procedure including a detailed Year-End document which is reviewed and updated as requied each year. The Year-End document normally references a Year End Calendar and Checklists. A typical set of year Year End checklists is available here.