Configure a fiscal year and its periods

You use the Financial year (GL101000) window to configure a fiscal year that has month-based periods (each consisting of one, two, or three months) in Visma Net.

If your financial year matches the calendar year, seeConfigure a financial year that matches the calendar year.

1. Go to the Financial year (GL101000) window.
2. In the Financial year starts on field, specify the start date of the first financial year in which your company wants to keep records in Visma Net.
3. In the First financial year field, review the first year based on the start date. If you want to change the first financial year, change the start date, as described in the previous step.
4. Select the Belongs to next year check box if the fiscal year gets its number from the year when the fiscal year ends.
5. Define the periods of the year. In the Period type field, select one of the following options:
   • Month: Each financial period lasts one month, and there are 12 periods per year.
   • Two months: Each financial period lasts two months, and there are 6 periods per year.
   • Quarter: Each financial period lasts a quarter (four months), and there are 3 periods per year.
6. Select the Add adjustment period check box if you want the system to generate an adjustment period.
7. Make sure the Adjust to period start check box is cleared.
8. Click Generate periods.
9. Click .