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Accounting periods

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P4Books cloud accounting.

Accounting periods are used to update the accounting periods that are open for posting and all closed periods are 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, Annual are the posting period options in P4 Books. To configure the posting periods go to: Master Data> Accounting > Posting Periods

Once in the accounting period configuration screen, click the button labeled Generate.

P4 Books Generate Posting periods

In this screen you can enter the name (2023), start date, end date and type. Once you have completed the data, 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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