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  3. I keep getting error that the transaction date does not belong to current account

Please go to Accounting->Accounting Periods and click on the tick icon (Make this accounting period as default) for you to automatically be in the new accounting period.

What will happen if i click “Setting accounting period as the default” option in Accounting Period screen?

When you set an accounting period as a ‘default’ accounting period – you would be “in” that accounting period whenever you login. Any financial transaction you do would be bound by the date range of that ‘accounting period’. You can always ‘switch to’ another accounting period by clicking the ‘switch to’ icon on the Accounting->Accounting Periods screen to post transactions of other dates.

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