Overview
Fiscal Period is sub-segments of a Fiscal Year which may be segregated either quarterly, six monthly or monthly.
Navigation
Admin ► Common Entities ► Fiscal Years & Periods ► Fiscal Periods
Fiscal Periods screen Fields
Field | Description |
Code | Unique identifier, assigned by the user. |
Fiscal Year | Fiscal Year to which the fiscal period belongs to. |
Period Level | Reference to the respective Period Level such as Monthly, Quarterly, etc. |
Sequence Order | Entered by the user and it represents the order of the Fiscal Period. |
| Period Type | Whether the period type is 'Regular' (default) or 'Adjustments' is mentioned. |
| Status | 'New' (default),'Open','Closed for Regular Transactions','Closed' are the status of Fiscal period. Only one Fiscal Period can be in Status 'Open' per Period Level at all times. |
| Parent Fiscal Period | Reference to a single parent Fiscal Period. Mandatory for Fiscal Periods that are not at the highest level. System should allow to select only applicable Parent Fiscal Period, according to the Period Level and it's hierarchy. |
| Active | If false, the Fiscal Period cannot be used anymore and it would be there for reference purposes. |
| Name | It to enter the name of the Fiscal Period. |
| Start Date | Date when the Fiscal Period will start. |
| End Date | Date when the Fiscal Period will end. |