You are here: Main Menu > 7. Ledger Menu > S. Setup > Adding Accounting Periods

Adding Accounting Periods

1. When you first enter the Accounting Periods option a Select An Option window will appear:

EXIT – Select EXIT to exit and return to the Ledger menu.
ADD NEXT YEAR – Select ADD NEXT YEAR to add a new accounting year/accounting periods
A list of accounting years defined in the system.

Select ADD NEXT YEAR.

2. A Select A Period Type window will appear. Scroll to the period type you would like to use: calendar year, or one of the three fiscal year formats--445, 454, 544. The "445", "454", and "544" formats allow you to designate fiscal quarters which contain all thirteen weeks. The system will default to the settings you have defined in Ledger Options.

3. Command options will appear:

Change Dates – Select Change Dates to change accounting period dates.
Change Period Type – Select Change Period Type to change the accounting period type.
Delete – Select Delete to delete an accounting period.
Update – Select Update to save the new accounting period.
Exit – Select Exit to return to the Select An Option window.

Select Update. The accounting period is now added.

Important: The accounting year will not be added unless you select Update.

Note: When you create your initial accounting year you will be asked to enter the ending date of your last fiscal year.

Example: Select a 445 format if you want a 13 week fiscal quarter with the 3rd month of the quarter being five weeks long.

Note: You may change accounting periods or change period type before Update has been entered. From the command options, select Change Dates to change accounting period dates; select Change Period Type to change period type.

By default, the Start and End Dates for a standard calendar are as follows. These dates and names may be changed to conform to your company's accounting calendar.

Period	Start	End	Name
1	01/01/xxxx	01/31/xxxx	Jan
2	02/01/xxxx	02/28/xxxx	Feb
3	03/01/xxxx	03/31/xxxx	Mar
4	04/01/xxxx	04/30/xxxx	Apr
5	05/01/xxxx	05/31/xxxx	May
6	06/01/xxxx	06/31/xxxx	June
7	07/01/xxxx	07/31/xxxx	July
8	08/01/xxxx	08/31/xxxx	Aug
9	09/01/xxxx	09/30/xxxx	Sept
10	10/01/xxxx	10/31/xxxx	Oct
11	11/01/xxxx	11/31/xxxx	Nov
12	12/01/xxxx	12/31/xxxx	Dec

Note: If you allow Net•Yield to make a new accounting year for you at the End of Year, the system will automatically use the accounting period settings that have been defined in Ledger Options.

For more information on the Accounting Period option see Accounting Periods.

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