To set up an Accounting Period first go to Settings on the left-hand menu of a client’s dashboard, go to the Account Period section and then click on Edit in the top right-hand corner. 

To add a new Accounting Period, click on the Change Existing Years button. First check that the existing period is correct, if not update the correct dates within the New Start and End Date fields – start by entering the comparative period dates first. Then, click on the Add Financial Year button to add the next accounting periods in the system. Once this is done, click on the Update Financial Year Button. To remove any unwanted Accounting Periods, go through the same process but instead tick the Remove box for the specific Accounting Period and then clicking on the Update Financial Year button. 

To add a previous year Accounting Period, click on the Add Previous Year button on the initial Accounting Period page, enter in the correct Start and End Dates and then click on the Update Financial Year button.