can anyone help me with how do i track bookings (new orders) within a fixed time period.

We use Blanket Orders to track booking. But we use backward functionality. When we receive sales orders throght EDI we create blanket orders to reflect received sales orders. The modification took 30 minutes but we track everithing: Booking, Cancelations, Back Ordres, Late Sipmentsā€¦ System does not delete blanket orders after shipment and invoicing. So you can print any kind of reports including Booking report. If you create Sales Orders manually I would reccomend to create Balancket Order first and Sales Order Next. It will solve your problem.