What Is Account Period

 The Accounting Period is the period for which accounting books of an entity are prepared. It is the period for which books are balanced and the financial statements are prepared. Generally, the accounting period consists of 12 months. 

 Accounting Period can also relate to a month or months within the Financial Year. In Agresso, the Accounting period is coded and is written as: YYYYPP

E.g. October 2011 is 201200 (YYYY being the year of the Year end 2012, PP is period 00. October is also PP 01, but it is safer to put in period 00 to capture all costs in October)

June 2012 is 201209 (YYYY being 2012 and PP being period / month 09)





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