About Reporting Periods
Reporting periods enable you to present data outside the constraints of financial periods. They specify cycles that relate to varying lengths of time. Because they are defined in addition to financial periods, they can be altered as required by management without affecting the actual financial period. Additionally, they can also be set-up after transactions have been entered.
They enable you to report on your transactions directly, there is no need to perform month end closures before you report. The quality of the management information depends on the granularity of the transactional data. For example, if you have posted a trial balance for the year end, a quarterly management cycle data would not produce useful results.
Work with reporting periods via the following: