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Periods are time periods that are used in your business, such as Q1 2002 or Jan. 2001. Periods are used extensively in the Siebel application, such as in forecasting, time sheets, and expense reports.
Be sure to set up periods far enough into the future to accommodate forecasting. For example, the default forecast is for seven months ahead. Therefore, if you keep this default, you must create periods defined for at least seven months from the current date for forecasting to work correctly.
After setting up a period, you can associate Period Units with it. Period Units allow you to define one time unit in terms of another time unit. For example, day periods can be associated with week periods for use in Timesheets. When a new timesheet is created for a week period, each day in that week is also added to the timesheet. This functionality requires the day periods to be associated as Period Units with the week period.
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