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Setting Up Financial Management › How to Set Up a Financial Entity › Create Fiscal Time Periods

Create Fiscal Time Periods

Define active fiscal time periods for an entity as units for reporting and financial processing. Based on these time periods, investment managers can create detailed financial plans or chargeback rules. For example, if you plan by weekly periods, configure and activate weekly fiscal periods for the entity.

The period, year, and date range you select automatically creates a series of time periods.

Follow these steps:

  1. Open Administration, and from the Finance menu, click Setup.

    The financial organization structure appears.

  2. In the Organizational Structure section, click Entities.
  3. Open the entity for which you want to create fiscal time periods.
  4. Click Fiscal Time Periods.
  5. Click New and complete the requested information. The following fields require explanation:

    Note: Once the time periods are active, you cannot edit the start and finish dates.

    Period Type

    Specifies the period type, such a monthly or quarterly. Once you create a time period, you cannot change this value.

    Start Date

    Specifies the start date for the period or range of time periods.

    Finish Date

    Specifies the ending date for the time period or range of time periods.

  6. Save the changes.

Activate Fiscal Time Periods

All fiscal time periods within the date range are created with a status of "Inactive". To allow investment managers to use the time periods in detailed financial plans, activate the time periods. For example, if you create monthly fiscal time periods for one year, you must activate all the monthly periods. Once the time periods are active, you can create detailed financial plans for them or use them in the datamart settings.

Note: You cannot deactivate a time period that is in use in the system.

Follow these steps:

  1. Open Administration, and from the Finance menu, click Setup.
  2. In the Organizational Structure section, click Entities.
  3. Open the entity for which you want to activate fiscal time periods.
  4. Click Fiscal Time Periods.
  5. Select each fiscal time period to be activated.
  6. Open the Actions menu, and from General, click Activate.
  7. Save the changes.

More information:

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