Accounting Periods

Accounting > Accounting Periods

Accounting Periods are closed to prevent edits to past data. There is an accounting period for each month, October 1, and the Fiscal Year Closing.

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  1. Filter by Fiscal Year.
    Default: Current Fiscal Year

  2. Click Reset to reset search parameters.

  3. Headers: Notice the Name, Start Date, End Date, Financial Period Closed status, and Point of Service Period Closed status.
    Note: Click a header to sort accounting periods by that field.

  4. Click the Pencil to edit an Accounting Period.
    A screenshot of the Accounting Period modal as described on this page.

    1. Check Financial Period Closed to prevent additions or edits to financial data including accounts payable, accounts receivable, and general ledger.

    2. Check Point of Service Period Closed to prevent additions, edits, and voids to point of service data including transactions and meal applications.

    3. Click Cancel to return to the previous screen without saving changes.

    4. Click Save to save your changes.

  5. Accounting Period Names: Notice the different names for the types of Accounting Periods.

    1. The Verification Protection period prevents changes to October 1 counts for verification purposes. This period should be closed prior to generating initial counts and should not be reopened to ensure consistent October 1 reporting.

    2. Each month of the fiscal year has its own accounting period.

    3. Once the Fiscal Year Closing has been locked, it cannot be unlocked.

  6. Click the < > Arrows to scroll through pages if needed.

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