# Recreate Financial Periods Setup

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

<span class="ts0">Before you run this utility, ensure that you are a financial supervisor right activated.</span>

<span class="ts0">otherwise, you will not be allowed to continue.</span><span class="ts0"> </span>

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

<span class="ts0">Select “Recreate Periods” Function</span>

<span class="ts0">This function is usually done before you start your company.</span>

![](https://hugeerp0.co.za/csp/webhelp/topics/images/image(3172).png)

<span class="ts0"> </span><span class="ts0">Message will come up to ask if you are going to recreate new financial years.</span>

<span class="ts0"> </span>![](https://hugeerp0.co.za/csp/webhelp/topics/images/image(3173).png)

<span class="ts0"> </span><span class="ts0">Select the first date of the new financial year.</span>

<span class="ts0">New financial years has been created.</span> <span class="ts0"> </span>

<span class="ts0">For the periods to take effect, log out of system and then back in</span><span class="ts0"> </span>

<span class="ts0">Click OK to run Utility to recalculate.</span>

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