Period Handling

MYOB Exo Business employs a method of tagging all transactions with a nominated period number at the time of posting. As an extra validation Exo Business can ensure that the transaction date given is valid for the period that the transaction is being posted to. This method is used to avoid the traditional problems associated with incorrectly keyed dates and extra processing overhead required to ‘age’ transactions into periods, which often makes purely date based solutions very limited in scale.

When starting up the Exo Business system, you need to tell Exo Business how many periods have transpired before you begin to process transactions. This is used in General Ledger reporting and budgeting and is carried out through the General Ledger Control Accounts Setup window.

Running the end of period routine is performed from the End of Period window. The actions performed for the General Ledger are listed on the window to indicate progress.

Note: See the White Paper "Period Handling and Transaction Ageing" for more information on setting up periods and rolling ledgers. This White Paper is available on the MYOB Exo Business partner site (login required).