Open a New Period

You can create and open a new accounting period for the active company or all companies.

Prerequisite: To create a new accounting period, your currently active period must be the latest one.

To create and open a new accounting period:

1. From the Vision Navigation menu, click Utilities > Open New Period.
2. If Vision is configured to support multiple companies, do one of the following:
   • To open the new period for all companies, select Open for All Companies.
   • To open the new period for the currently active company only, select Open for Active Company Only.
3. If the default dates for the new accounting period or the fiscal year are not correct, enter the dates or click to select them. If Vision is configured to support multiple companies, these dates apply to all companies for this period, even if you open the period for the currently active company only.
4. Click OK. Vision displays a prompt that asks you to confirm that you want to continue.
5. Click OK. Vision creates the new period and opens it for your active company. If you have multiple companies, the new period is marked as open or closed for the other companies based on your choice in step 2.