COM1085 - Accounting periods: company accounting periods: using MAPD to create more than 5 APs

It is July 2024 and you want to amend the AP (Accounting Period) record of a company for the periods from 01/04/2019 to 31/12/2024. The existing record and the actual and expected APs are as follows:

Recorded APs	Actual and Expected APs
01/04/2019 to 31/03/2020	01/01/2019 to 31/12/2019
01/04/2020 to 31/03/2021	01/01/2020 to 31/12/2020
01/04/2021 to 31/03/2022	01/01/2021 to 31/12/2021
01/04/2022 to 31/03/2023	01/01/2022 to 31/12/2022
01/04/2023 to 31/03/2024	01/01/2023 to 31/12/2023
	01/01/2024 to 31/12/2024

Function MAPD (Maintain AP Dates) will not let you make the changes in one operation because it:

·         will not let you enter more than five new APs at a time

·         demands that the end date of the last AP you enter either:

·          coincides with that of a currently recorded AP shown on the screen

·          is later than that of any currently recorded AP

 

In these circumstances, you have to use the function twice. The first time you could amend the AP record to

01/01/2019 to 31/12/2019

01/01/2020 to 31/12/2020

01/01/2021 to 31/12/2021

01/01/2022 to 31/12/2022

01/01/2023 to 31/03/2023

Please note that the last AP is a ‘dummy’ AP terminating on the same date as an existing AP shown on the screen.

You then use Function MAPD again to change the ‘dummy’ AP and add the final AP to the record as follows:

01/01/2023 to 31/12/2023

01/01/2024 to 31/12/2024

Remember that if the accounting period ends in February you should end the period on 29/02.