Period close

Basis The close gates for 2026-12, each evaluated from the ledger rather than ticked by a person
#GateStateWhat is blocking it
Choose a year and check.
The year-end rolloverCloses every profit-and-loss account to retained earnings, in period 13
Net realisable valuea write-down is an allowance; the lot's own cost is never rewritten
The movement is the entry. A reversal is capped at the allowance already held, because a lot may never be written up above what it cost.
Reopen the yeara filed or audited year cannot be reopened