UniPhi allows you to create financial periods within a financial year to align with your company’s accounting periods. Though most organisations use monthly financial periods within financial years, UniPhi can be configured for non-standard periods such as quarterly. As with financial years, closing periods means that accounts have been finalised for that period, which prevents data being entered against it.
To amend to quarterly financial periods:
1. From the Configuration > Financial Years tabs, click on the financial year that you would like to change. The Financial Periods box will be displayed:
As periods cannot overlap, you will need to initially delete months that will be included in your first quarter.
2. Click the delete icon next to the monthly periods that you wish to include in your quarter. In this case August and September.
3. Click the edit icon next to the July quarter and enter in the correct description and start & end dates for your period. Indicate if the period is open or closed:
4. Click the Save icon and repeat the above process to complete amending / adding your organisation’s quarterly financial periods:
5. As with closing financial years, click the edit icon to indicate that the financial period has been closed. Save by clicking the save icon:
You now know how to create, amend and close off financial periods.
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