Set Up Periods

Use the Period Setup form to specify the number of accounting periods in the fiscal year, open and close accounting periods, and change period and fiscal year start and end dates.

Prerequisite: Before you can use this form to open or close a period, that period must exist in Vision, Use the Open New Period dialog box (Utilities > Open New Period) to create new periods.

To set up periods, complete the following steps:

1. From the Vision Navigation menu, click Utilities > Period Setup.
2. Do any of the following:
   • In Periods Per Year, enter your firm's number of accounting periods per year.
   • In the date fields, change start and end dates.
   • Use the Closed check box (single company configuration) or the Active Company Closed and All Companies Closed check boxes (multiple company configuration) to open or close accounting periods.
   • Click Posting Log Review on the toolbar to view the Posting Log Review report.
3. If you made any changes to the period information, click Save.