Change reporting period
Under Settings - Company information you can change reporting period. It is possible to change reporting period from Monthly, which is the default option, to Bimonthly when working with period closing in Period & Year.
Note that the reporting period always is Year if you only have activated year-end closing. If that is the case, there are no settings for changing the reporting period under Settings - Company information.
How to change reporting periods:
- Go to Settings - Company information. Choose Bimonthly under Reporting period.
- Click on Save.
If the period is ongoing, the change will be valid from the nextcoming two month period. If you, for example, have started January and then change to bimonthly reporting, the change will take effect in Q2, starting in March.
When the financial year is equal to the calendar year and bimonthly reporting is selected, the reporting periods will be January-February, March-April, May-June, July-August, September-October and November-December.
Note that the VAT period will be updated accordingly when you change reporting periods.
If you select bimonthly reporting, the VAT period will also be changed to bimonthly (if it is not already selected).
If you are working with shortened and broken financial years and select bimonthly reporting, the reporting periods will coincide with the calendar year (January-February, March-April, May-June, July-August, September-October and November-December).