You use the Create Fiscal Year batch job to set up a new fiscal year in the program so that you can enter transactions for the new year. Before the batch job can be run, you must define the number and length of the accounting periods in the new fiscal year. There must be at least one accounting period, and the shortest possible period is one day.
You can define how the batch job will be executed by filling in the fields. Fill them in as follows:
Starting Date: Enter the date on which the fiscal year will start.
No. of Periods: Specify the number of accounting periods the fiscal year will be divided into. There can be from 1 to 365 periods.
Period Length: Specify how long each accounting period will be, for example, 1M = 1 month, 1Q = 1 quarter, and so on.
Click OK to start the batch job. If you do not want to run the batch job now, click Cancel to close the window.