If the duration of your organization's financial periods is not consistent, you can create individual financial periods. You should create a batch of financial periods when each financial period will have the same duration (for example, two weeks, one month, three months, etc.) over an extended period of time.
- Choose Admin, Financial Period Calendars.
- Select a financial period calendar and click Modify.
- In the Financial Periods dialog box, click Add.
- In the Select Financial Period Timescale dialog box, enter or select the period Start Date and End Date.
- Click Add.
The Select Financial Period Timescale dialog box remains open. You can add additional financial periods by repeating steps 4 and 5. - When you have finished adding financial periods, click Close.
The financial periods you just created are listed in the Financial Periods dialog box.
Tips
- To create daily financial periods, enter or select the same date as the period Start Date and End Date.
- When you create a financial period, the default name is YYYY-MM-DD (e.g., 2004-04-01). To ensure the financial periods are listed in the proper order (e.g., in the Columns dialog box), you should use the default name or add a letter or number to the beginning of the name (e.g., 1 Fiscal Month, 2 Fiscal Month, etc.). Click on a period in the Period Name column to edit the name.
Notes
- You must have the Add/Edit/Delete Financial Period Calendars global privilege to add or edit data in the Financial Periods dialog box.
- The start and end dates of a financial period cannot overlap existing financial period dates.
- You cannot modify the start and end dates of a financial period after you create it. To modify the start and end dates of a period, you must delete the financial period, then create a new period with the new dates.
- All periods start at midnight and end at 11:59 PM.