Verify that the General Ledger Active flag is on.
Set up numbering for general ledger journals and general ledger posting templates.
Enter the business season elements. A minimum of one element is mandatory in program GLFM, Fiscal Period Maintenance, and is loaded during installation. Business seasons can be used for custom reporting. (Optional)
Enter the account types for user-defined custom reporting. (Optional)
Add and maintain the existing journal codes. Journal codes control whether a journal can be modified, whether currency is local or parent, and if the journal is a reversing journal.
Enter the general ledger calendars for each calendar type in use, which may represent foreign, domestic, and combined. The calendar type definitions can be changed, as they are user-definable. New types can also be created here along with the calendar. These calendar types link the calendars to the financial enterprise.
During the initial load of your system, you should create top-level parent calendars first with their parents equal to themselves. This allows plants and stores to have different calendar types and still be coordinated with each other and their parent financial enterprises.
Enter the year and quarters on the first page, press [Commit], and enter period dates on the second page. Up to 99 periods can be established.
You must create the next year's calendar before the last period. If you do not, when the last period in your calendar starts, no journals will update until the next year's calendar is set up. This occurs because of the potential of journals, including reversing journals, to require the next month's calendar. Reversing journals try to create a reversing journal for the next month, and without that next month, the journals will not update.
Verify the fiscal calendar.
Add and maintain general ledger account code types. General ledger account code types group accounts into user-defined type groups. (Optional)