This article explains how to change the structure of the Fixed Assets | Maintenance | Accounting Periods.
For example, the company’s Common | Maintenance | Company Details | Accounting Periods have recently been changed to be running from March to February, as opposed to previously running from January to December.
As a result of the above, the Fixed Assets (FA) Accounting Years are also supposed to be changed accordingly to be also running from March to February.
This is required to ensure that the FA’s Depreciation reports always correspond with the company’s financial reports (e.g. Trial Balance, Balance Sheet and Income Statement) as compared over the same reporting periods.
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