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There are two options available:
- Only 1 accounting period representing the whole year:
Period | Start Date | End Date | Period Status |
01 | 1/1/04 | 12/31/04 | Open |
In this case, only one line is entered for the accounting period.
- Several periods representing the year.
Note that start and end dates of each period are not restricted to first and last days of the month.
For example:
Period | Start Date | End Date | Period Status |
01 | 1/1/04 | 2/2/04 | Open |
02 | 2/3/04 | 2003/04 | Open |
03 | 3/21/04 | 5/31/04 | Open |
04 | 6/1/04 | 7/14/04 | Open |
05 | 7/15/04 | 8/30/04 | Open |
06 | 9/1/04 | 9/30/04 | Open |
| Informações |
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There is no limitation of open periods in |
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Management Accounting, since the control of accounting calendars is made by Year + Period. Therefore, if maximum number of open periods (99) has exhausted in an Accounting Year, just use a new Accounting Year. |
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