Fiscal Periods

Fiscal Periods Perform year-end closing Year-end closing finalizes a fiscal year. It transfers the year's net income into Retained Earnings so you can start the next year… Fiscal Periods Lock a period Locking a period makes it permanent. Locked periods cannot be reopened, which protects finalized records from any further changes. Steps From the… Fiscal Periods Close or reopen a period Closing a period prevents further posting into it once you've finished your books for that period. If you need to make a… Fiscal Periods Generate fiscal periods for a year Before you can close or report on periods for a year, you need to generate that year's fiscal periods. This creates the… Fiscal Periods Fiscal Periods overview Fiscal Periods are the accounting periods — months, quarters, and years — that organize your financial activity. Closing and locking periods helps…