The purpose of this form is to allow you to setup your accounting year and periods. You have options to choose from when setting up your accounting year. Click each link below to guide you on how to accomplish it.
Create Accounting Periods using a Calendar Year
Calendar Year starts on January 1 and ends on December 31.
Create Accounting Periods using a Fiscal Year
Fiscal Year is a 12-month accounting period, which does not necessarily need to end on December 31, can actually fall any day throughout the year.
Once everything is set, click Next to bring you to the next step of the setup – Enter Company Information.