Created: 05/29/2014
Create New Accounting Periods
Go to Maintain>>Accounting Period Master
Leave the Segment field blank. The program will enter "Master Control" in the segment field when saving.
Type in the new fiscal year in the Year field
For example: if your current year is 2013 and you are creating the next year, type 2014 in the year field.
Enter 12 in Actual Periods
In Year Begin, enter the first day of the new fiscal year
For example: 01/01/2014
In Year End, enter the last day of the new fiscal year
For example: 12/31/2014
Extended should be left blank
Enter 12 in Active Periods
Press Apply on the main menu bar
Press the auto Create button
This will create the Monthly Periods in the grid.
Press the Save button
Press Close
Set up the Processing Date Range
Go to Settings>>Rep Payee Settings
Click on the Process Settings tab
Find the Current Period dates at the top left
Enter your new date range to process client activity. When entering Income and Expense entries, only transaction dates within this date range will be allowed.
NOTE: You may enter a date range for your entire fiscal year, or you may enter shorter periods such as the current month. This can be used to help prevent accidental use of incorrect dates.
Press the Save button
Press Close