Generate Accounting Periods

To generate accounting periods:

1. Go to the section Periods

2. Press the three dots

3. Then press Generate Periods

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4. Enter the values in the fields:

  • Periods: Months
  • Fiscal Period: The consecutive number of the month according to the company's fiscal year
  • Fiscal Quarter: 3 months following the fiscal periods
  • Calendar Month: The number of the month according to the calendar (For example: 1 for January)

Number of Periods: The number of periods (months) you want to add at this time (for example: 12 if you want to add a whole year)

Month of Fiscal Period 1: The first month of the company's fiscal year (for example: if the fiscal period is an even year, this should be 1 for January; if your fiscal period 1 is in September, this should be 9)

Start Year: The year of the first month you're adding

Start Month: The number of the starting month of the periods you're adding (for example: 1 for January, 9 for September)

5. Press Generate

In this example, we are adding the 12 monthly periods of 2022:

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Next Step in setup guide

 

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