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. |