How to Set 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.