1-6 Period and Fiscal Year Management
About the Recalculate Balances window and repairing the balances
About 1-6 Period and Fiscal Year Management
The 1-6 Period and Fiscal Year Management window provides options for advancing to the next fiscal year from your previous fiscal accounting year.
If you are on period 12 of your current fiscal year, use this window to advance to the first period of the next fiscal year.
Tip: Period 1 of the next fiscal year is available while you are still on your current year. You can begin entering transactions for period 1 of the next fiscal year by selecting the next available fiscal year from the Posting Period window.Periods 2-12 become available when you advance to the next fiscal year by clicking [Change Period].
See 1-6 Period and Fiscal Year Management for more information about the options in this window.