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Sage HRMS Payroll lets you use a 12 or 13 period year, depending on your requirements. You select the number of periods for your company on the Setup > Payroll Setup > Payroll Company Profile window on the Options tab. If you change this setting, the next fiscal year you create will have the new number of periods.
The fiscal calendar is shared by all the data in your company’s accounting database. Select Setup > Payroll > Payroll Setup > Fiscal Year Calendar
If you are authorized to maintain the fiscal calendar, you can:
- Create a new fiscal year on the calendar.
- Edit a fiscal year, including:
- Locking periods to prevent accidental posting to them.
- Unlocking periods to allow posting to them.
- Making a fiscal year inactive to prevent posting to it.
The Locked Fiscal Periods option on the Company Profile Options tab lets you specify whether to display a warning, an error message, or nothing when entering transactions in a locked fiscal period.