How accounting periods work

Think of the accounting periods as brackets enclosing entries. Reports and evaluations are prepared for this period. If the duration of an accounting period changes, a new one can be created and the old one deleted at any time. Overlong financial years are also possible, as are shorter ones.

When you close an accounting period, all documents and bookings are fixed and can no longer be changed. Except for the entries for profit posting etc., not much else happens - very simple.

1. Reopening of a billing period

In the top right-hand corner, click on "Reopen" to reopen the period after a brief request. The year-end postings are still there and will not be cancelled. So do not redo these bookings when the accounting period is closed again.

2. Make adjustments

Make all adjustments and close the year as usual by clicking on "Close" in the top right corner.

That's it.