Periods
Periods
This function is used to maintain periods (and the period types to which they belong). Periods are used throughout Aqilla - see Introduction > Open Period. A sample list of Periods - strictly Period Types - is shown above,
You can also maintain Quarter or other period types.
A sample Period Edit view is shown below:
The header to this list is described below.
Filter by Year | Period Type Name | Description | System Current Period |
|---|---|---|---|
All or any one of the years for which a financial period has been set. | The name to be given to the period type | An optional description of the period type. | None or anyone of the periods that is set to Post. |
You can edit but cannot delete Financial Period and Calendar Year period types.
Click on Create New Period to add a new period to Aqilla.
You need to fill out the row and click on the Apply Changes button.
Period Name | Year | Period Number | End-Date | Option | Adjustment |
Name of the period in Aqilla | Name of The financial Year the period. | Automatically assigned. Determined by the Financial Year. First period in the financial year will be Period 1, Second period will be assigned to number 2. | End of the financial period. | Hidden: Hides the Period in Aqilla and in reports. Post: Allow you to use and post in the period Report: Does not allow posts, but period will show up in Reports. | Yes/No If set to Yes, you indicate the period is used for adjustments and the fixed asset depreciation run will not post depreciation in that period. |
A financial year may start and finish at any point within the calendar and comprise any number of periods - e.g. 4/4/5; 52; 12 or 13. The fiscal year set against each period governs the automatically generated sequential period number.
Aqilla will behave as follows based on the selected value of Option.
Post | Report | Hidden |
|---|---|---|
You can post to this period. | You can report on this period but you cannot post to it. | You can neither post to or report on this period - it will not appear on a list of periods. |
There is no special processing relating to period end but see Processes > Year End Process.