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Accounting periods store transactions and events within client defined time periods for reporting purposes. They are required to post activity against a particular date. If an accounting period does not exist, the transaction fails. The system automatically calculates an accounting period for an entity based on the date range you specify in the Start Date and Fiscal End Date fields on the Add/Change Entity panel or Master Fund Setup panel. However, you must manually add an accounting period when you add an additional accounting basis for an entity.

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