This page describes how to set up a Time Period (Fiscal Year)
Setting of the fiscal year can now be done in AccountingGuru
The primary objective for creating this feature is to reduce the data entry errors.
We have already seen how to create a company. Let us now see how the fiscal year or the time period can be updated to an existing company.
Next time we login to view the company details we will be able to select the fiscal year for which accounting needs to be done or reviewed.
How the data entry errors are reduced can be viewed under the "Validation of Invoices /Payments"