This is the final day in one's accounting period - usually the end of one's financial year. The date can be changed, but there are rules to be observed.
the date to which a company makes up its accounts.
This is the final day in your accounting period - usually the end of your financial year. e.g. accounting period ends 30 June each year - the accounting date is 30 June. The date can be changed, but there are complicated rules and it is wise to consult an accountant if this is required.
Organisations prepare their annual accounts covering a period of 12 months. The last day of the period is called the accounting date.
The date when the accounting period ends. For example, if your accounting period runs from 1 July 1998 to 30 June 1999, the accounting date would be 30 June 1999. There is no restriction on when you choose to have your accounting date, unless you want to change it more than once during a five year period. In this case, you will need the approval of the Inland Revenue.
the date to which a set of accounts is drawn up. In the case of Limited Companies this is permitted to vary for Statutory Accounts by 7 days either side of the Accounting Reference Date
The date a transaction is recognized as opposed to the date the transaction actually occurred-transaction date (although the two dates can be the same). Accounting date determines the period in the general ledger to which the transaction is to be posted. You can only select an accounting date that falls within an open period in the ledger to which you are posting.
The date when the accounting period ends. For example, if the business accounting period runs from 1st July 2002 to 30th June 2003 the accounting date would be 30th June 2003. There is no restriction on when you chose to have your accounting date unless you want to change it more than once during a 5 year period. In this case Inland Revenue approval will be required.
