Creating Periods

Periods are used in conjunction with Financial Years to lay the foundation for the accounting system to function. Like Financial Years these should have already been set-up and you should only need to create these for future Periods.
Financial Years must be setup prior to creating the Period else the process will not work.

Step-by-Step guide

1. From the Admin Menu, select the Periods sub-menu.
2. Click New.
3. Enter the Financial Year related to the Period you are creating.
4. Enter the Name of the Period, this should follow a convention such as ‘Period MM-YY’.
5. Enter the Period Number for the relevant Period.
6. Enter the Start and End Date for the Period.
7. Click Save or click Save and New if you are creating multiple Periods.