13-period company setup

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13-period company setup

If your company uses 13 periods (rolling 4 week) for financial reporting, you must setup the following in Company master

 

1.Set the Month of first fiscal period to 13 periods 4 weeks each.

 

2.Under Company Settings, the Max period per year will automatically set to 13.

 

Notes:

Use this feature if you want your months defined as 4-weeks (i.e. 28 days).  This gives you a 364 day year that has a different year end every year.

This feature is NOT used for a 13th month adjusting journal for accountant entries.  Instead Pak Accounting uses a unique journal for the entries on the trial balance.