How to setup accounting periods inorder to record accounting data of the respective financial years?

Please follow below process to setup accounting period into system.

->Go to Accounting->Accounting periods, click on “New accounting period” and select appropriate start and end date and click on “Add accounting period” button.

->Now to record appropriate financial data in respective financial year, switch to the appropriate financial year by selecting from the frop down options associated with “Change accounting period”.

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