Recreate Financial Periods Setup

Systems Configuration > Administration> Financial Periods Setup

Before you run this utility, ensure that you are a financial supervisor rights activated

otherwise you will not be allowed to continue.

Click On Extras tab and select from the drop down

Select “Recreate Periods” Function

This function is usually done before you start your company

Message will come up to ask if you are going to recreate new financial years

  

Select the first date of the new financial year

New financial years has been created

For the periods to take affect, log out of system and then back in

Click OK to run Utility to recalculate.