A financial year consists of 12 periods. Sage 50cloud Pastel allows you to create 13 periods in a financial year. You use the 13th period to extend your financial year by 1 period. This step isn't mandatory and allows you an extra period to finalise your Year end.

A financial year consists of 12 periods however the system offers a 13th period for two exclusive reasons:

• Some organisations process 13 four week periods in a year
• To extend your financial year, this allows you to work in the next year while you finalise your year end

Setting up the 13th period

1. Click Setup then Periods.
2. Enter 13 under Number of Periods.
3. Select the option Use Last Period as the First Period of the Next Year.

Processing will take place in the 13th period. When the year end process is complete, the transactions captured in the 13th period move to period 1 of the financial year.

CAUTION: If you are running 12 periods, don't select the option Use Last Period as First Period of Next Year. This option moves all the transactions for the last period to the first period of the new financial year. 

NOTE: If you're unable to change your periods you'll need to send the company dataset in for a datafix. Contact support and ensure you have your customer number, base serial number and a screenshot of the problem.