Creating an accounting period from the New Client wizard
When creating a new Corporation or Business Tax client, if you have chosen to set the client up for the relevant tax product, you will be prompted to create an accounting period for the client at the end of the wizard.
On the final screen of the new client wizard, you will see the following option:
If you leave this option ticked, then you will be shown the add new accounting period window.
Note: If you clear this tick box, then you will not be prompted to enter an accounting period at this point. You can enter an accounting period for the client at any point by selecting Accounting Period... from the Tools menu.
If a commencement date has been entered for a business, the dates entered will default to showing the commencement date as the start date of the accounting period. The end date for the period will default to 12 months following that date. You can edit these dates as required following standard accounting period rules.
The Add Accounting Period Details window for companies will also allow you to set the period status when creating the accounting period.