Jira Code : SMT-1
Description: To create a One-Day Year-End Adjustment Period to include an overlapping adjustment period for the last day of this fiscal year 2019.
You can set up new adjustment periods two ways:
- Use Set Up Full Year to generate a one-day adjustment period at the end of a new fiscal year. You must check the One-day Year-End Adj. Period box.
- Manually create a period using the Create Single Period button and check the Period is Adjustment box. Manually created adjustment periods can be more than one day in length.
To add an adjustment period to an existing fiscal year 2019.
- Navigate to Setup >Accounting> Manage GL> Manage Accounting Periods
- Click Base Period button
- Set the Period Name to “Adjust 2019”
- Set the Start and End Date to Dec 31, 2019
- Set the Sub-period of to FY 2019
- Mark the Period is an Adjustment checkbox
- Click Save.
Adjustment periods must overlap the existing base (non-adjustment) accounting periods when the Multiple Calendars feature enabled. So we can’t create a standalone adjustment period for an account where multiple calendar feature is enabled.