Accounting periods in InstaSupply will match the accounting periods you work with. The span is from the 1st to the 30th or 31st of the month (or 28th, 29th for February). 

They are the periods for which financial statements are prepared. For instance, if a company prepares monthly financial statements, this will require the company to close its monthly accounts at the end of each monthly accounting period.  

In order to set up and manage your accounting periods, go to Your Business > Overview. Scroll down and click on "Manage Periods..." next to Accounting Periods, on the right-hand side.

Under the Configuration section you can set Accounting Period length to Manual, Monthly, Bimonthly, or Quarterly. The "Manual" setting should be used if you want to create new periods yourself or if you have the periods of varying lengths. 

In the Min. open period box, the number you enter here will determine the minimum number of open periods allowed at any one time.   

In the Period Management box you can select the exact start and end dates and once done, just click the "Add Accounting Period" button.   


You will see the accounting period show up in the list of accounting periods below. 

The system can be set to automatically open a billing period, but you must manually close them or they will remain open.

If you need to move one invoice from on accounting period to another, go to Purchasing > Invoices and find the invoice you need to move. This will open the invoice detail page.

Just scroll down until you see the dropdown Change Accounting Period on the right-hand side. Click on the blue "Move Invoice to Accounting Period" button to effect the change. 

Note: You are only able to move invoices to accounting periods that are still open. If the accounting period you are looking for has been closed, you will not be able to effect the change.

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