To configure financial year / period:
| 1. | From the left menu items, select Administration > Configuration > PM > Financial Year / Period. |
| 2. | On the Financial Year / Period screen, click the Create button. |
| 3. | To configure financial year / period, do the following: |
| • | In the Financial Year field, select the year from the drop down list. |
| • | In the Your Financial Year Start From field, select the first month of your financial year. For example, if your fiscal year is January to December, then select January. If your fiscal year is April to March, then select April. |
*Note: Once you make the selection in this field, you will not be able to change it going forward. Based on the above selection, the Start Date and End Date will be selected accordingly.
| 4. | In the grid displayed below, do the following: |
| • | To restrict user to post payment for the period, select the Status as "Close" from the drop-down list. |
| • | To allow user to post payment the for specified period, select the Status as "Open" from the drop-down list. |
*Note: Before changing the month’s status to Close, you must first change the status of all previous months to Close within that year.
| 5. | Click the Save button to save the details. At this point in time, the status for the whole year can be updated to either Open or Close based on which the user will be allowed/restricted to post payment for that year. |
| *Note: Before changing the year’s status to Close, you must first change each month’s status to Close within that year. |
