Add an Accounting Period

To add a new accounting period, select Add (or press the Insert key). The Add Accounting Period window will be displayed. You will be given the option to enter an accounting period immediately before or after existing periods.

The periods default to 12 months long, but you can amend the start date of the prior period, or the end date of the subsequent one, to make the period up to 24 months long.

For companies, you will also be given the option to set the Period Status for the newly created accounting period.