Accounting year and accounting period

Original post address: http://blog.vsharing.com/jingjian/A653365.html

In our country, the accounting year and accounting period are fixed: that is, the accounting year is based on the natural year, and the accounting period is 12 calendar months. But in most other countries
The accounting year and accounting period are not hard-coded. enterprises can define their own requirements. With the development of the economy, more and more Chinese enterprises use their branches and joint ventures abroad.
There are countless foreign companies that run factories. Therefore, defining different accounting periods based on the environment of different branches and foreign headquarters has become a necessity for many enterprises. The general ledger module provides a flexible way to define Accounting
Annual and accounting period. Enterprises can define a specific fiscal year and period as an "Fiscal year variant" as needed ". For a group, there can be multiple fiscal year changes. Each branch can share
You can change the billing method for one fiscal year or another.
Domestic companies can use 12 calendar months plus 4 special periods of accounting period definitions. Four special periods are used for the year
When the end of the adjustment of different types of entries. For foreign branches, you can define other accounting year variants. For example, the year March 31 is the end of the fiscal year, which is defined by the calendar month. In this case
The period from January 1, 12th to 30th is the first period, and the period from January 1, to 31st is the first period. This change in accounting year is irrelevant to the Year. For any year, such as 2004 and 2005
Year, their period 1 is from April 1-4 to 30, and will not change with the change of the accounting year.

Due to business needs, some companies Define complicated accounting periods. For example, the period defined by week is also called the 445 method. That is, period 1 is 1st ~ 4
Week, during which 2 is 5th ~ 8 weeks, during which 3 is 9th ~ Week 13. That is to say, each year is still four quarters, but each quarter is no longer three calendar months, but three periods, which are four weeks, four weeks, and five weeks, respectively.
The closing day is the first day of every year. This situation can be configured in the general ledger module using the "Annual-related fiscal year variant. In the system, we define the period from January 1, 2004 to January 1, January 1 ~ January
24, while 1 in the period from January 1 ~ May January 29. Obviously, if the period is defined by week, the start and end days of each period in different years are not fixed.