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Fiscal time periods are the dates you specify as a unit for financial processing. Before you can perform detailed financial planning tasks or set up chargeback rules, you must define active fiscal time periods for an entity.
When creating time periods, the period, year, and date range you select automatically creates a series of time periods.
Example
If the time period is monthly, enter January 1 as the start date and December 31 as the finish date. Doing so creates time periods for each month in the specified year.
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