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Generation of accrual accounting periods

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Path: Administration>Configuration>Accrual Accounting Period Definition

Accounting periods are generated according to the dates defined in the Accrual Accounting Period Definition window based on the selected method. Periods are generated automatically as soon as they are defined and saved. Completion time for generation depends on the amount of data to be processed.

Defined periods are generated for all Business Units in the organization but are closed for each Business Unit separately in the Close Accrual Accounting Period window. If a new Business Unit is created when accounting periods are already defined, the system will generate periods for this Business Unit starting from the current period.

Therefore, for new Business Units, you will see data in the accrual accounting reports only starting from the current period. You can define periods for future without any limitation in dates and they will be generated according to your settings, for example, for the next ten years.