Fiscal Periods is where you manage Bizuno’s calendar — which periods are open for posting, which are closed, and how year-end rolls the books forward. Getting this right at setup saves real headaches at month- and year-end.

How to get there #

Menu: General Ledger → Fiscal Periods
Direct URL pattern: https://yourdomain.com/?bizRt=phreebooks/periods/manager

How Bizuno thinks about periods #

Bizuno tracks fiscal years and, within each year, fiscal periods (usually 12 monthly periods, but the system supports other cadences). Every transaction is stamped with a period number. Reports — P&L, Balance Sheet, Trial Balance — all work off period ranges.

Key concepts:

• Current period — the period Bizuno defaults new transactions into.
• Open vs. closed — closed periods reject new or edited postings.
• Fiscal year rollover — closes the year, zeroes out revenue/expense accounts into Retained Earnings, and starts a new fiscal year.

The Fiscal Periods screen #

Column	Meaning
Period	Sequential period number (1, 2, 3 …).
Start / End Dates	The date range that belongs to this period.
Fiscal Year	Which FY this period rolls up into.
Status	Open (posting allowed), Closed (posting blocked), Current (default for new transactions).
Posted Count	How many transactions have hit this period.

Setting the current period #

1. Find the row for the period you want to make current (typically the current calendar month).
2. Click Set Current on that row.
3. Confirm. New transactions will default to this period from here on.

You can leave multiple periods open at once — for example, last month (while you finish close-out) and the current month. But set current to exactly one period so new work defaults to the right place.

Closing a period #

1. Finish your month-end checklist (see list below).
2. Run the Trial Balance report for the period — confirm debits = credits.
3. Run P&L and Balance Sheet; save PDFs for your records.
4. On the Fiscal Periods screen, click Close next to the period.
5. Confirm.

Important: Once a period is closed, Bizuno blocks new postings and edits to existing transactions in that period. If you find an error after closing, you can Reopen the period to fix it — but only do that before your tax return goes out. After filing, correct with a reversing journal entry in the current period instead.

Reopening a closed period #

1. On the Fiscal Periods screen, find the closed period.
2. Click Reopen.
3. Make your corrections.
4. Re-close when finished.

Track reopens. If you reopen a period after sending out financial statements or a tax return, note it in your adjusting-entries log with a reason.

Closing the fiscal year #

Year-end close is the bigger version of month-end close:

1. Confirm every month of the fiscal year is closed.
2. Post all year-end adjusting entries (depreciation, accruals, prepaid amortization, inventory adjustments).
3. Run a final Trial Balance, P&L, and Balance Sheet. Save PDFs.
4. On the Fiscal Periods screen, click Close Year.
5. Bizuno creates a closing entry that moves all Revenue, COGS, and Expense account balances into Retained Earnings, zeroing the P&L accounts for the new year.
6. Bizuno creates the new fiscal year’s periods.
7. Verify the new year’s Period 1 is open and set as Current.

Important: Back up the database before you click Close Year. Year-end close writes a closing journal entry and archives balances — reversible, but not effortless. Your host or system admin should make sure the nightly backup is good, or trigger a manual one.

Month-end close checklist #

1. Reconcile every bank and credit card account (Category 5, Reconciliation article).
2. Verify Undeposited Funds is zero.
3. Verify A/R Aging total matches the Accounts Receivable balance on the Balance Sheet.
4. Verify A/P Aging total matches Accounts Payable on the Balance Sheet.
5. Verify Inventory valuation (Stock Status report) matches the Inventory asset on the Balance Sheet.
6. Post depreciation, payroll accrual, other adjusting entries.
7. Run Trial Balance, P&L, Balance Sheet.
8. Close the period.

Year-end close checklist (in addition to above) #

• Physical inventory count; post shrinkage/adjustment entries (see Category 4, Adjustments).
• Review Chart of Accounts — inactivate accounts you’re not going to use in the new year.
• Issue 1099s for qualifying vendors (see Category 3, Vendor Reports).
• Hand off the Trial Balance, P&L, and Balance Sheet to your CPA.
• Post any CPA-provided adjusting entries before clicking Close Year.
• Click Close Year.

Tips for Ridgeline Cycles #

• Close each month within 10 business days of month-end — the longer you wait, the more likely you are to introduce a correction in the wrong period.
• If you have an outside bookkeeper, agree on who closes and when. One of you needs to own the close step.
• Keep a year-end folder on your drive: Trial Balance PDF, P&L PDF, Balance Sheet PDF, 1099 summary, inventory count sheets, adjusting entry support. Your CPA (or future you) will be glad.

Where to go next #

• Financial Reports — the reports you run before closing.
• Journal Entries — posting adjusting entries.
• Admin → Backup — run a manual backup before year-end close.