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Expert Bookkeepers l Calgary & Vancouver l Xero & Receipt Bank l Databooks Accounting

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Definition

Reporting Period

Also known as Accounting Period

A reporting period is the period of time covered by a set of financial statements. The reporting period is typically either for a month, quarter, or year. Organizations use the same reporting periods from year to year, so that their financial statements can be analyzed in comparison to the ones produced for prior periods.

A consistent bookkeeping process allows small business owners to make reliable comparisons between different periods.

See also