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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.