# Financial Periods Setup

<span class="ts0">Video training manual 2016 - Click Here</span><span class="ts0"> </span>

<span class="ts15">Systems Configuration &gt; Administration&gt; Financial Periods Setup</span>

<span class="ts0">Highlight the current year</span>

<span class="ts0">Click On Extras tab and select from the drop down</span>

<span class="ts0">Select “create New year” Function</span>

<span class="ts0"> </span>![](https://hugeerp0.co.za/csp/webhelp/topics/images/image(3169).png)

<span class="ts0">This will take the selected year and Create the next financial year period.</span>

<span class="ts0">Click yes to continue</span>

<span class="ts0"> </span>![](https://hugeerp0.co.za/csp/webhelp/topics/images/image(3170).png)

<span class="ts0">Enter the End date of the next financial year</span>

<span class="ts0"> </span><span class="ts0"> </span>![](https://hugeerp0.co.za/csp/webhelp/topics/images/image(3171).png)

<span class="ts0">Amend The Name Of the created new year to reflect the changes.</span>

<span class="ts0">Rename the description</span>

<span class="ts0">Next Select the Periods Tab</span>

<span class="ts0">And amend the Name column to match the dates.</span>

<span class="ts0">When that process is done save and close and you are ready to post to the new financial year and months.</span>