Manage accounting periods

An accounting period is the financial year in which all transactions take place between 2 specified dates, typically 12 months.

When you reach the end of your accounting period, you will be prompted to close the year by running the year-end report. This gives a retained profit (or loss) amount for the accounting period and allows for financial statements to be prepared from the bookkeeping records.

To access Accounting periods:

Select your initials from the menu bar, then Company details.

From Accounting period, select Manage.

Once you've created your first accounting period, we'll automatically create new 12 month periods as you need them.