Accounting Period Table
Specifies accounting periods and which period is the start of a new fiscal year based on fiscal years in this table. You can use the periods as a time reference in various places in the program, for example, when you are getting an overview of posted entries in a Balance/Budget window. You specify the length of the accounting period, such as one month or one quarter.
The shortest possible accounting period is one day. You must set up at least one accounting period for each fiscal year.
Important
To set up fiscal years and accounting periods, click Actions, Create Year in the Accounting Periods window and then enter the starting date, number of periods and period length in the window that appears. After this, the program will automatically enter the periods in the Accounting Period table and also indicate when the fiscal year begins.
To close a fiscal year, click Actions, Close Year and then run the Close Income Statement batch job. When you post G/L entries to a closed fiscal year, the program will mark the Prior-Year Entry field for those entries in the G/L Entry table. When you post to a closed fiscal year, you must always remember to run the Close Income Statement batch job to get the correct balances on the G/L accounts. Repeat the batch job each time you make a prior-year entry.
List of Fields in the Table
To see the list of fields in this table, change to the Classic view. Choose the Choose View button in the upper-right corner, and then choose Classic.
| Field | Location |
|---|---|
| Closed Field, Accounting Period Table | General Ledger |
| Starting Date Field, Accounting Period Table | General Ledger |
| Fiscally Closed Field, Accounting Period Table | France Local Functionality |
| Period Reopened Date Field, Accounting Period Table | France Local Functionality |
| Fiscal Closing Date Field, Accounting Period Table | France Local Functionality |
| New Fiscal Year Field, Accounting Period Table | General Ledger |
| Date Locked Field, Accounting Period Table | General Ledger |
| Average Cost Period Field, Accounting Period Table | General Ledger |
| Name Field, Accounting Period Table | General Ledger |
| Average Cost Calc. Type Field, Accounting Period Table | General Ledger |
See Also
Reference
Prior-Year Entry
Accounting Periods
Other Resources
Close Income Statement
Close Years and Periods
How to: Complete Period-End Processes