Accounting period in NetSuite

The Manage Accounting Periods page is a list of all of the accounting periods set up in your account and rolled up in the accounting period hierarchy to which they belong.

To set a new accounting period in NetSuite.

1. Go to Setup in the home page
2. In Accounting, select Manage accounting periods.
3. Click on the Setup full year button.
4. On the Accounting Periods for a Full Year page, verify that the Fiscal Calendar is correct.
5. The first fiscal month for the fiscal calendar displays, defaulting from the fiscal calendar selected.
6. Select the format you want to use for your accounting periods: Calendar Months, 4 Weeks, or 4-5 Weeks.
7. In the Year in Period Name field, select the starting or ending year to include in the period name
8. Click Save.