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<< Click to Display Table of Contents >> Configuring accounting periods |
Access: Configuration > General Ledger > Accounting Periods
Things to remember This function allows you to configure the accounting periods at the beginning of each fiscal year. |
1Under Accounting periods, select the Reference by date.
2Select the Number of periods (12 or 13), based on your business' needs.
3Under Period, enter the Start date and the Ending date of each accounting period.
Things to remember An accounting period does not necessarily correspond to a pay period. An accounting period is associated with your financial statements. For example, pay period 3 could correspond to your accounting period 1. |
4Click on Save to complete the procedure.
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