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Accounting Periods

An accounting period, in its most simple form, represents the current month. However, an accounting period can represent any specified number of days. Net•Yield allows users to create custom year structures, including fiscal years and quarters, when adding a new accounting year. Additionally, accounting period dates (and names) associated with your current and previous year can be set by using the Accounting Period option.

Available Actions:

Using

Adding

Changing

Deleting

Locking

Accounting Periods Fields

Period Type	Net•Yield defaults to a calendar year. However, the accounting period can also be set to represent a fiscal year and/or 13 week quarters (445, 454, and 544).
Year	The accounting year ––may enter a previous year, current year, or the next year once it is defined within your system.
Periods (Periods 1-12)	Typically each period represents a calendar month; however, each period can be changed to reflect any period of time longer or shorter than a calendar month.
Start	The start date for each period of the accounting year.
End	The end date for each period of the accounting year.
Name	The calendar month of the accounting period or the name you have assigned to the period.
Lock	Denotes whether the period has been locked (Y=yes/N=no). If a period is locked (Y), transactions cannot be posted to the accounting period once the accounting period has ended.

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