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.
- Select .
- Open a calendar record.
- On the Period Groups tab, click Create .
- Specify this information:
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Period Group
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Specify a name for the period group. An example of a period group is Annual, Quarterly, Monthly, or Weekly.
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Description
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Provide a description for the period group.
- Click Save.
You can now create the periods for the period group.
- Open a record on the Period Groups tab.
- On the Periods tab, click Create.
- Specify this information:
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Year
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Specify the year.
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Period
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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.
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From Date
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If you select a Period that is not weekly, specify the start date for the period.
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To Date
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If you select a Period Frequency that is not weekly, specify the end date for the period.
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Name
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Specify the period name. This is used to define the format of the period name by using text variables.
- Click Save.
The periods for the year are created.