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Accounting periods

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P4Books Cloud Accounting.

Accounting periods are used to keep accounting periods open for posting and all closed periods balanced. They are used to open and close fiscal year periods for posting purposes. These are the time periods that define your company's fiscal year and are used to post sales documents and generate financial reports.

Daily, Monthly, Quarterly, Yearly are the posting period options in P4 Books. To set up posting periods go to: Master Data > Accounting > Posting Periods

Once on the accounting period setup screen, click on the button called Generate.

P4 Books Generate Posting periods

In this screen you can enter the name (2023), start date, end date and type. Once the data is completed, click on the Submit button to create the P4 Books accounting periods.

Once an accounting period is locked, transactions cannot be posted to it unless the period is unlocked by your accounting team.

Updated on November 24, 2024

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