Documentation
Accounting Periods
Circulation Accounting Periods controls the period selected by the Circulation ledger/account transaction path.
What Accounting Periods is for
Circulation Accounting Periods maintains the period control used by the Circulation ledger/account transaction path.
The current normal posting flow expects exactly one Open Circulation Accounting Period when a transaction does not explicitly supply a period.
Find and open
Open Circulation -> Accounting Periods.
Use search, sorting and paging over Period Name, Start Date, End Date, Status and Type, then click a row.
Create a period
Choose Create and enter Period Name, Start Date, End Date, Status and optional Description.
The current Circulation screen keeps Period Type fixed to Yearly.
Keep one Open period
Use Open for the period intended for current Circulation posting and Close for periods that should not be selected as the active automatic period.
Date validation
Start Date and End Date must be valid calendar dates.
End Date cannot be earlier than Start Date.
Delete safely
Unused Closed periods can be deleted.
Open periods and periods referenced by opening balances, account transactions or ledgers are protected from Delete.
Separate from General Ledger Accounting Period
AkshaERP currently has a separate General Ledger Accounting Period implementation.
Maintaining a Circulation Accounting Period does not imply that the General Ledger period was changed.
Related pages
Frequently asked questions
Why can’t I open another Circulation Accounting Period?
Another period is already Open. Close the existing Open period before opening the next one.
Why can’t I delete an Accounting Period?
The period is Open or it is referenced by opening balances, account transactions or ledger entries.
Can I choose Monthly or Quarterly?
Not on the current Circulation screen. Period Type is currently fixed to Yearly.
Is this the same as the General Ledger Accounting Period?
No. They are separate functions at the current reviewed baseline.