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Handling 18 Month Accounting Period

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Teresa Robbins

09 Jan, 2014 05:31 PM

Hi,

I am a new business and for various reasons my Accountant would like me to extend my year end over the usual 12 months. The company incorporated in July 2012 and we are extending the year end to end Dec 2013. This means my first year end will be 18 months.

I can't run any reports or see how I can do a year end anything longer than 12 months?

Please could you let me know how I can do this please.

Many Thanks
Teresa

1. Support Staff 1 Posted by Admin on 10 Jan, 2014 02:11 AM

   

   Hi Teresa,

   If your first year is 18 months just set the date of the first consolidation in business settings. Your reports will run to include the first transaction up to the date you specify. If you want to extend the period and you've already consolidated before, you'll just have to edit the date of the next consolidation to extend it.

   Easy Books will automatically set the date of the next consolidation when you consolidate each period, and the most it can add is 12 months but you can always just edit the date if you want to.

   Mathew

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2. 2 Posted by Teresa Robbins on 10 Jan, 2014 01:50 PM

   

   Hi Mathew,

   That's great. Thank you :-)

   I can't believe it was that easy, I feel a bit silly now :(

   Teresa

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3. Admin closed this discussion on 10 Jan, 2014 09:04 PM.