Accounting Periods

Use this form to maintain the accounting periods used by General Ledger. You can:

Set up the number of periods.
Set up the length of the periods.
Enter multiple periods for any fiscal year.
Specify the status of each period.
Maintain the current fiscal period.
Set up automatic monthly and quarterly periods.

You cannot delete an accounting period if there are ledger transactions for the fiscal year that are defined in that period. When you delete an accounting period, the system deletes the budgets and plans for that fiscal year.