How Periods for Payables Calendars Are Generated
You can define a Payables calendar to generate periods automatically.
Settings That Affect Period Generation
When you create a calendar or add years to an existing calendar, the following attributes control how the periods are generated:
-
Period frequency
-
Periods per year
-
Start date
-
Period name format
How Periods Are Generated
This table describes the attributes that are used to generate periods.
|
Calendar Attribute |
Description |
|---|---|
|
Period frequency |
Type of period, such as Monthly or 5-4-4. Note: If you select Other, you must enter periods manually
|
|
Periods per year |
Calculated number of periods per year. |
|
Start date |
First day of the calendar and start date of the first period. |
|
Period name format |
Naming convention for periods. |
Example Calendar with a Period Frequency of 4-4-5
This example shows the generated periods for a calendar with a:
-
Period frequency of 4-4-5
-
Start date of 1/1/2015
-
Period name format of MMM
|
Period Name Prefix |
Year |
Sequence |
Start Date |
End Date |
Period Name |
|---|---|---|---|---|---|
|
Jan |
2015 |
1 |
1/1/15 |
1/28/15 |
Jan-15 |
|
Feb |
2015 |
2 |
1/29/15 |
2/25/15 |
Feb-15 |
|
Mar |
2015 |
3 |
2/26/15 |
4/1/15 |
Mar-15 |
|
Apr |
2015 |
4 |
4/2/15 |
4/29/15 |
Apr-15 |
|
May |
2015 |
5 |
4/30/15 |
5/27/15 |
May-15 |
|
Jun |
2015 |
6 |
5/28/15 |
7/1/15 |
Jun-15 |
|
Jul |
2015 |
7 |
7/2/15 |
7/29/15 |
Jul-15 |
|
Aug |
2015 |
8 |
7/30/15 |
8/26/15 |
Aug-15 |
|
Sep |
2015 |
9 |
8/27/15 |
9/30/15 |
Sep-15 |
|
Oct |
2015 |
10 |
10/1/15 |
10/28/15 |
Oct-15 |
|
Nov |
2015 |
11 |
10/29/15 |
11/25/15 |
Nov-15 |
|
Dec |
2015 |
12 |
11/26/15 |
12/30/15 |
Dec-15 |