# Accounting Periods ⛭

<mark style="color:orange;">Accounting > Accounting Periods</mark>

## Configure&#x20;

To configure this functionality go to Setup > Accounts.&#x20;

There are two configuration option

**Display the Period on Transactions**

* If checked, for each posting transaction (Invoice, Payment etc.) the period related to the transaction date will be displayed.

**Enable Precalculated Balances for Periods**&#x20;

* If checked, the system will automatically calculate the balances for the date of each period and use this data when generating accounting reports (this will significantly speed up the generation of reports with large amounts of data).