Accounting periods

You can set up accounting periods for financial transactions based on your fiscal year and accounting practices. When creating journal entries for financial transactions, Infor Public Sector will record the appropriate accounting period and fiscal year for each transaction. The length of an accounting period can range from quarterly to weekly. Infor Public Sector can also add an additional adjustment period for any year-end accounting adjustments that your agency may need. You can define accounting periods for multiple fiscal years simultaneously.