How to Create a New Fiscal Period

To add a new fiscal period to your Dynamics GP system, follow these simple steps.

Important!

Before proceeding, ensure you have a recent backup of your database to prevent data loss in case of unexpected issues.

Go to: Tools>>Setup>>Company>>Fiscal Periods
Where it says Year overwrite the year with the new year.
- This should set up your first and last day of new year, if not then in the First Day field, type in the first day of the fiscal year and in the Last Day field, type in the last day of the fiscal year.
- Your Number of Periods should be 12
Hit Calculate and you will get the following screen:

Note: Under Period Name, you have the option to rename the periods to Months.

Use the button Close All periods and open only what you need in the current year. You can uncheck anything you don’t want closed.

If you have questions regarding this article please reach out to Greenstone Support by emailing mysupport@culturatech.com.