Changing Accounting Periods

1. When you first enter the Accounting Periods option a Select An Option window will appear; scroll to the current (or previous) year or a new calendar or fiscal year that you would like to edit and press Enter to select.

Select ChangeDates or Change Period Type from the command options located in the bottom left corner of the screen.

Changing Accounting Period Dates

3. After you have selected Change Dates from the command options, use the Enter and/or arrow keys to navigate through the screen and make any necessary changes. Use the Tab, Enter, Page Down, or arrow keys to move through remaining fields.

4. Select Update from the command options.

Important: Your changes will not be saved unless you select Update

Note: Period 1 start date cannot be changed.

Changing Accounting Period Types

3. Once you have selected Change Period Type from the command options, a Select A Period Type window will appear. Select Calendar Year, or one of the fiscal year formats (445, 454, 544)

4. The following message will appear: "Automatically adjust dates based on new Period Type? No/Yes."

Select yes to have the system automatically make changes.
Select no to manually make changes to accounting periods.

5. Select Update from the command options in the bottom right corner of the screen.

Important: The accounting period will not reflect any changes unless you select Update.

Note: Period 1 start date cannot be changed.

If you choose not to automatically adjust dates and wish to make manual changes

If you choose not to allow the system to automatically adjust dates and you would like to make manual changes to accounting periods end date and name, you must select Change Dates from the command options at the bottom of the page. The first period of the next accounting period will automatically change to the day after the ending date. (For example, if my Period 1 ends on 1/29, Period 2 start day will automatically become 1/30.) Select Update to save manual changes.

Important: Your changes will not be saved unless you select Update.

Note: If you are changing from a calendar year format to a fiscal year type format the system and choose NOT to have the system automatically adjust accounting periods, the system will still change to accounting periods to the fiscal year accounting period you have chosen. You may make changes to the period end dates and period names by selecting "Change Dates" .