Location: Bookkeeping module >> Dashboard >> Client specific >> Settings >> Accounting Period
Help/Guide
An accounting period, in bookkeeping, is the period with reference to which accounting books of any business are prepared.
Head to the Bookkeeping module and follow the navigation above to the Accounting Periods page. Once there you simply need to click the +Accounting Period to add a new period.
On clicking +Accounting Period,
From and to period can be entered
Accounts due date and CT600 Due date: Based on the Accounting period you set, the system fetches the due dates for submission of Accounts and CT600 according to the norms of HMRC and Companies House
Lock Previous period: If this function is selected, transactions cannot be edited for the previous period
Is Company ceased: You need to tick this checkbox if your company is ceased
Auto period generation: if Auto period generation is selected then once the current period end date is reached, the system will automatically generate new accounting period
Prior Accounting Period
You can also set up a Prior Accounting period by clicking the drop down menu as displayed below
Click here to watch how to create an accounting period