Once you have set up your periods and submitted the setup data, be very cautious about editing the fields in the periods file. Any changes you make can have a significant impact on your system and how it operates. Refer to Calendars Overview for additional details.

You can check the status and start/end dates of your accounting periods on the setup Periods page. If the Active box is checked, the period is active. If the box is unchecked, the period is inactive.

You can also run the Calendar List Detail report, which is on the Setup Reports submenu under Reports in the menu. The report shows period start and end dates.

Setup—Policies—Global Policies—Month End Tab

The option Number of days grace for posting to prior month in the G/L affects the default number of days that both the current period and the prior period can be open.

The option Future accounting periods are active must be selected to enable the addition of future periods.