See also

Accounting Period Window

Creating an Accounting Period

Chargeable Accounting Period

What is an Accounting Period ?

An Accounting Period is a period of time that you can create for businesses, companies and trusts, which will be used to hold accounts information. You will be automatically prompted to create an accounting period when creating a new client of the following types:

  • Sole Trade
  • Partnership
  • Company

Note: If you choose not to set the client up for the relevant Tax product when the client is being created, then you will not be prompted to create an accounting period. If you later choose to set the client up for tax, then you will be prompted to create an accounting period at that time.

Accounting periods can be created in two ways:

  • You can create an accounting period for a client at the end of the new client wizard for businesses and companies;
  • You can create an accounting period for a business, company or trust at any time by selecting Accounting Periods... from the Tools menu within Control Centre.