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Overview
A Period Level allows a Fiscal Period to be categorized such as Quarterly, Monthly, etc. This enables more flexible and hierarchical Fiscal Periods.
Navigation
Admin ► Common Entities ► Fiscal Years & Periods ► Period Levels
Navigation Period Level Screen Fields
Fields | Description |
Code | Unique identifier entered by users. |
Parent Period Level | User must select the Period Level where this belongs to. This allows for a hierarchical structure. Usually, it starts with Yearly, Semester (if needed), Quarterly (if needed), Monthly, etc. |
Budget Execution Transaction Level | False by default. Only one Period Level can have this as true. The level with True here will be used to post transactions like Commitments, Obligations, Purchase Orders, Expense Vouchers, General Ledger, etc. Usually, it is true at the Monthly level. |
Active | True by default. If this value is False, the Period Level cannot be selected anymore. |
Name | Name of the period level. Yearly, Quarterly, Monthly, etc. |
Description | Pertinent information related to the Period Level such as uses of the period level, observations, etc. |