Monday, July 8, 2019

Create an Adjustment Period for an Existing Fiscal Year

For example, the account's Fiscal Year 2014 was set up without having December 31, 2014 as its Adjustment Period. Here are the steps that the users should follow in order to create an adjustment period for Fiscal Year 2014:


1. Go to Setup > Accounting > Manage Accounting Periods

2. Click on Dec 2014 period to edit it

3. Change the End date to December 30, 2014

4. Save

5. Click on the Base Period button at the lower right hand corner of the screen

5. Set the Period Name to Adjust 2014

6. Set the Start and End Date to Dec 31, 2014

6. Set the Sub-period of to FY 2014

7. Make sure that the Period is Adjustment check box is marked before saving

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