Periods

Each existing financial year in ALB has 12 accounting periods. The date ranges which are used for each period within each historic year are listed in the Periods screen. Only periods of historic, completed years can be viewed, and they cannot be edited or deleted.

The date ranges in use for the 12 periods of the current financial year are also listed here. The start and end dates of the current year's periods can only be edited prior to any time recording or accounts postings being made for that particular period.

Where open period posting is in use, there will be 13 periods listed for the current financial year. Period 13 should be the date range of the first period of the next financial year. Postings can be made for period 1 of a new financial year prior until the Year End process has been completed. Such postings will appear in period 13 of the current year. Once the Year End process has been completed, the date range for period 13 will be applied to the new financial year's period 1. Any postings carried out prior to the year end in period 13 will automatically populate period 1.

When viewing an existing period, it will detail the period number, the financial year to which the period belongs, and the number of accounts postings which were included in that period (excluding time postings).