Management accounts. ABS-96

Absolute Accounts  

There is not a set template in the system for Management Accounts but you can produce some basic Management accounts in the software. To do this you need to set up an accounting period for the short period (for example 3 months) and do the postings for the 3 months. When you come then to do the next quarter you would extend the accounting period to the next quarter, making it a 6 month period and then post any entries for that 3 month period so that when you run the final accounts it will total together the 3 months and 3 months. This is all controlled through client data > edit common data > period by setting the year end and number of days and then adjusting as you move through.
 

Alternatively you can create four separate accounting periods, one per quarter so that when they run for this quarter it shows the comparatives for the previous quarter. By doing this though you would then have to manually create a period for the full 12 months and rekey the entries if you then wanted yearly accounts.