Creating calendar period groups and periods

Use this procedure to create period groups and periods for your finance group. For example, monthly, weekly, annually, quarterly, or bi-weekly with the variations of 445, 454, or 544 weekly calendars.
  1. Select General Setup > Calendars.
  2. Open a calendar record.
  3. On the Period Groups tab, click Create .
  4. Specify this information:
    Period Group
    Specify a name for the period group. An example of a period group is Annual, Quarterly, Monthly, or Weekly.
    Description
    Provide a description for the period group.
  5. Click Save.
    You can now create the periods for the period group.
  6. Open a record on the Period Groups tab.
  7. On the Periods tab, click Create.
  8. Specify this information:
    Year
    Specify the year.
    Period
    Select the period frequency, for example, Weekly, Bi Weekly, Semi Monthly, Monthly, Quarterly, 445, 454, 544. If you select Weekly, you can select a Weekly Option.
    From Date
    If you select a Period that is not weekly, specify the start date for the period.
    To Date
    If you select a Period Frequency that is not weekly, specify the end date for the period.
    Name
    Specify the period name. This is used to define the format of the period name by using text variables.
  9. Click Save.
    The periods for the year are created.