# Cutoff

> Cutoff — Recording each transaction in the period in which it occurred — the boundary tested at every period end.

Source: https://lopifi.com/glossary/cutoff
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is cutoff?** In accounting, cutoff means recording each transaction in the period in which it occurred — the boundary tested at every period end.

## Words this system refuses for it

- period end

- **Category:** Close
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [cutoff-warning](https://lopifi.com/md/components/cutoff-warning)
- **Related:** transaction, period