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Accounting Year Configuration

Welcome to Citicon Payroll and Accounting Systems Configuration for Accounting Year. This module defines fiscal years, providing the foundation for all financial reporting and system-generated transactions.

Key Purposes

1. Fiscal Period Definition: Set the duration of each accounting year for financial statements and reports.

2. Transaction Validation: Ensures that financial entries fall within valid periods.

3. Historical Tracking: Maintain multiple years for auditing, review, and comparative analysis.

4. Time-Based Controls: Allow filtering and analysis of financial data by specific fiscal years.

5. Report Generation Support: Enable period-based generation of key financial documents, ensuring accurate compliance and analysis.

Accounting Year Module User-Manual

This section provides details, and set-by-step instructions to access, and set the Accounting Year of the system.

Index Page

To access the Accountingk Year Configuration. Go to Setup, select Configuration Settings, select Finance & Accounting, then select Accounnting Year. accounting-year Index1

a. Select the Accounting Year that you wish to be applied.
b. Selecte the Update button to save your changes. accounting-year Index1

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