Considerations for Payables Calendar Period Frequencies

When you create a calendar using the Manage Payables Calendars task, you must select a period frequency. Period frequencies determine the number of periods per year and the period name format for the calendar.

Period Frequency

The following table describes each period frequency.

Frequency	Periods Per Year	Description
4-4-5	12	All periods have four weeks except the third, sixth, ninth, and twelfth periods, which have five weeks.
4-5-4	12	All periods have four weeks except the second, fifth, eighth, and eleventh periods, which have five weeks.
5-4-4	12	All periods have four weeks except the first, fourth, seventh and tenth periods, which have five weeks.
Monthly	12	Each month is a period.
Quarterly	4	Each period has three months.
Weekly	52	Each period has seven days.
Other	Specified by user	Periods are manually defined.