Before you run the Year-End routine, you should create the periods for the newly available financial year. To maintain the consistency of your financial reporting, it is best to create all periods for the year at once.
Single Company
To create all periods for the year at the same time:
Navigate to General Ledger > Period Processing > Periods – All Modules – This Company.
From the Options menu, select Generate Periods.
Enter the number of periods you want to create. The maximum you can create is 13 or 18 periods (depending on how Coins ERP+ is configured).
Enter the First Financial Date; this is the end date of the first period. If this date is the last day of the month, the end date of all other periods will be the last day of the month; otherwise, the end date of the other periods will be the equivalent date in the month.
Click Next (
).Coins ERP+ generates period records for the number of periods you specified.
To add individual period records:
Navigate to General Ledger > Period Processing > Periods – All Modules – This Company.
Global Periods Maintenance – This Company
To create a new financial period, click Add (
) at the bottom of the screen.Enter each Period and the period end date (in the F/Date field) and click
on the left.
Multi Company
To add the same financial period to several companies by a single action:
Navigate to General Ledger > Period Processing > Periods – All Modules – Multi Company.
Click the Company View tab.
Global Periods Maintenance – Multi Company
Select the companies for which you want to add the new period.
Select Maintain Periods from the action menu and click Apply Action (
). Maintain Periods Screen
On the Maintain Periods screen, select the Period to add from the drop-down list, enter the period end date (in the Financial Date field), and click Next (
).