The 12 month period marking the beginning and end of the Fiscal recording period is called a Fiscal Year. The Fiscal Year is divided into equally divided segments called Accounting Periods. In SchoolLeader there are exactly 52 accounting periods each being 7 days. These Accounting Periods are used to provide consistency for managing the Subledger and reporting on your businesses financial results.
To see how Accounting Periods are defined see the Fiscal Calendar Definition table.