Skip to main content

Create an accounting period and run trial balances


Create an accounting period and run trial balances

Each org. unit in a multi-org. environment transacts as an individual business unit. Therefore, users must create individual accounting periods for each organizational unit. When a new org. unit is created within the org hierarchy, an open-ended accounting period is automatically created for each new org unit. Users can later create an accounting period for the org unit based on their access permission. 

The accounting periods of all the child Org Units should be closed before closing the accounting period for the parent Org Unit.

To set up an accounting period

To run a trial balance

You can run trial balances only for open accounting periods.

  1. Navigate to Finance > Accounting Periods. 
  2. Follow the steps mentioned in Run a Trial Balance