SAGE INTACCT TIP
Automatically Create Reporting Periods
You can create a set of default reporting periods automatically. In many cases, this provides the reporting periods most commonly used. Use the Default option in the same area you import data, the Company Setup Checklist, to quickly and easily add default reporting periods.
Use this option only if you want to create only standard reporting periods (monthly, quarterly, and yearly).
How it works
Intacct looks at the date on which you have transactions posting in order to determine what default reporting periods to create from the Default button. For example, if the furthest transaction that's posting is dated for 10/03/2023, clicking default on reporting periods, automatically creates default reporting periods (month, quarter, and year) through the year end 2023.
If there are no future-posting entries, the current date is used and the import creates one year forward of reporting periods.
To create reporting periods using default:
- Go to Company > Setup > Import data.
- Scroll to the Set Up General Ledger Transactions section and locate Reporting Periods.
- Click Default, then click Create. The default reporting periods are created for your company.
