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How to check the period division

In the new fiscal year, MKG creates a period division according to the settings of the current fiscal year. Especially in accounting systems that use 4-week periods, a check and possibly a correction is sometimes necessary. In this article, you will learn how to check the period division.

 

 

After you have created a new fiscal year in MKG, you can check the periods of the new fiscal year. MKG offers three options for a period division: monthly, 4-weekly, or manually. It is advisable to perform a check on the division of the periods in the new fiscal year immediately after creating it. Especially in accounting systems that use 13 periods of 4 weeks, a check and possibly a correction may be necessary. This action is optional.

 

 

Step 1: Select the newly created Fiscal Year

 

Within the Periods table, you manage the accounting periods. After opening the table, you will immediately see the Period Division screen. Select the newly created fiscal year if necessary.

 

 

Step 2: Check the layout

 

Check the new period layout of the new fiscal year. Adjust the current layout in the Layout based on field if necessary. A monthly period layout looks like this:

 

Division based on Month

 

A 4-weekly period layout looks like this:

 

Division based on 4 Weekly

 

 

Step 3: Save the layout

 

Have you made changes on the screen? Then click on Save

to save the adjusted layout.

 

 

Note!
You open fiscal years per administration. If you use more than one administration, you must perform this action for each administration.

 

Fiscal Year Transition Checklist
During the execution of a fiscal year transition, actions that occur only once a year still need to be performed in modern administrative systems. These actions cause questions, or worse, are not performed at the most appropriate time. To prevent these questions and to ensure the fiscal year transition goes as smoothly as possible, use the Fiscal Year Transition Checklist, intended for those coordinating a fiscal year transition with MKG software.
Or go directly to one of the following items:

 

periodsaveadministrationfiscal yearfiscal year transitionweekmonthcheck