Custom accounting periods

If you are using custom accounting periods in your company, you can use the Accounting Period Information page to add, edit, or view an accounting period.

To view the Accounting Periods list, go to Company > Setup > Settings > Accounting periods. On the Accounting Periods list, select Add, Edit, or View.

If you chose custom accounting periods in the Company tab of the setup wizard when you initially created your company, the ability to define these periods is enabled. Access to this function is available by pointing to Company > Setup > Settings > Accounting periods. Otherwise, this function is disabled.

The Standard or Custom accounting period structure is set at the top level on the Company Setup > Accounting tab. It applies to all entities in a multi-entity company. For single entity companies, it applies to the company.

Only one basic calendar structure is available for a company: Standard or Custom. In a multi-entity shared company, you can't have one entity with a standard calendar and another entity with a custom calendar, nor can you have different custom calendars for different entities in an ME-shared company.

After there is at least one transaction in the company, you can't change from Standard to Custom or from Custom to Standard.

View a list of accounting periods

• Go to Company > Setup > Settings > Accounting periods.

Add an accounting period

1. Go to Company > Setup > Settings and select Add (circle) next to Accounting periods.

2. Enter a title for the new accounting period.
3. Enter dates for the beginning and ending period for all four quarters.
4. Select Save.
5. When the accounting period appears in the list, select Period name.
6. Enter a period name for each accounting period.
7. Select Save to save the period names.

Edit an accounting period

You can edit an accounting period, provided that you haven't yet entered any transactions in the period. Once transactions have been entered, the details about the accounting period can't be changed.

1. Go to Company > Setup > Settings > Accounting periods.

2. Find the accounting period you want to edit.

3. Select More actions > Edit at the end of the row.

4. Enter changes as needed.

5. When you finish entering or editing information, do one of the following:

   • Select Save to save the period and display the list of accounting periods.
   • Select Duplicate to create a new period based on the current accounting period.

1. Go to Company > Setup > Settings > Accounting periods.

2. Find the accounting period you want to edit, and select Edit.
3. Enter changes as needed.

4. When you finish entering or editing information, do one of the following:

   • Select Save to save the period and display the list of accounting periods.
   • Select Duplicate to create a new period based on the current accounting period.

View accounting period information 

1. Go to Company > Setup > Settings > Accounting periods.

   By default, only a few details for a record are shown in the list.

   • Select Configure columns to add or remove columns.

   • Select More actions > View at the end of the row to view the record.

2. Find the accounting period you want to view.

3. Select More actions > View at the end of the row.

1. Go to Company > Setup > Settings > Accounting periods.

   Only a few of the specific details for a record can be shown in the list columns.

2. Find the accounting period you want to view and select View.

   The record details appear. If the record is complex, the details are categorized into sections and tabs.

Delete an accounting period

1. Go to Company > Setup > Settings > Accounting periods.

2. Find the record that you want to remove and select Delete.

   Depending on your user preferences, the system might prompt you to confirm the deletion.

Field descriptions

The following table describe each item on the Accounting Period Information page.

Accounting periods list

Field	Note
Title	The name you assign the accounting period. After the title is saved, it can't be changed.
Start or End Date	The calendar period you assign to the period. These dates can be modified.
Period name	The name you assign each custom period. In Global Consolidations, the period names appear on the Consolidation and Analysis tabs.

Accounting period information

Field	Note
Title	Assign a name to the accounting period, such as "Year 2012-2013". You can't change the title once you save it. If you need to change the title, create a new accounting period and delete the one you do not want.
1st Quarter - 4th Quarter	Enter consecutive dates in these fields. In addition, supply dates for all four quarters. Periods can begin and end on any day of the month. For example, you can begin months on the 15th day and end them on the 14th day.

Account period name

Field	Note
Period name	Assign a name for each custom period. In Global Consolidations, the period names appear on the Consolidation and Analysis tabs.