<p>The <strong>Fiscal Period Setup</strong> area allows you to define your company’s fiscal year, or accounting period. Fiscal years are normally 365 days, but if your company is redefining when its year begins and ends, AcctVantage allows you to create a short year to bridge to the new start date. </p> <p>AcctVantage does allow you to divide your fiscal year into any kind of periods you want, from calendar months to x number of days, <strong>although this would be extremely rare.</strong> You can even edit the date when each period begins or ends. The only restriction is that once you have entered a transaction for the year, you can no longer change the periods within it. </p> <p><span style="color: rgb(255,0,0)"><strong>Note: Please </strong></span><span style="color: rgb(255,0,0)"><strong><a href="../../9723/l/82759?data-resolve-url=true&amp;data-manual-id=9723" data-object-class="article" data-object-uuid="5F4F93EA-D26C-49BE-A5EF-29C435F3FCD0" data-object-manual-uuid="C1E48560-6A34-0130-672E-12313804AAC3" data-resolve-url="true" target="_blank">contact AcctVantage Support</a></strong></span><span style="color: rgb(255,0,0)"><strong> if you plan on using Fiscal Periods that are a customized length (i.e. NOT the standard 12 months).</strong></span></p>