Set Up Periods

When you set up periods, you specify the number of accounting periods in the fiscal year. You can also open and close accounting periods or change period and fiscal year start and end dates.

Prerequisite: Before you can open or close a period, that period must exist in Vision. Use the Open New Period dialog box (Utilities > Open New Period) to create new periods.

To set up periods:

1. From the Vision Navigation menu, click Utilities > Period Setup.
2. Do any of the following:
   • In Periods Per Year, enter your firm's number of accounting periods per year.
   • In the date fields, change the start and end dates.
   • Use the Closed check box (single company configuration) or the Active Company Closed and All Companies Closed check boxes (multiple company configuration) to open or close accounting periods.
   • Click Posting Log Review on the toolbar to view the Posting Log Review report.
3. If you made any changes to the period information, click Save.