Hi, Ideally the year-end was a process that was very keenly practiced when there was no use of computers and technology and only paper-based accounting was in practice. However, with the introduction of technology, the software is designed to accommodate adjustments and error corrections dynamically for any period, date, time or value. So to answer your query it is suggested to go for the second option since it supports the prevalent practice in the current industry. Please let me know if you need my services in this regard. I will be more than glad to work with you. Best regards, Vipin Bhardwaj