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            Create Finance Periods for Custom Date Ranges

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            Create Finance Periods for Custom Date Ranges

            Create finance periods for non-calendar month timelines. (Salesforce Billing Managed Package)

            Required Editions

            Available in: Salesforce Billing Spring ’20 and later
            Note
            Note Salesforce Billing allows up to 180 open finance periods for revenue finance periods that share a finance book, legal entity, and currency ISO code. This limit can’t be increased. Accounting finance books don’t have finance period record limits.
            1. On your finance book, choose your period type, and then set your finance period duration to Custom. Save your changes.
            2. On your finance book, click New Finance Period.
              If you click Create Finance Periods while finance period duration is Custom, Salesforce Billing opens the Create Finance Periods Visualforce page instead. This page lets you make only monthly finance periods, even if you’re working in a custom period finance book.
            3. Enter a start date and end date for your period, and then save your changes.
              A finance period’s dates can’t overlap with other finance periods that use the same legal entity in the same finance book.
            4. Create more finance periods as needed.
              Salesforce Billing doesn’t validate for gaps between finance periods. If your finance book contains a gap between periods, revenue schedules won’t create transactions for dates in that gap. For example, you could create one finance period for 01/01/20 through 02/29/20, and another for 12/01/20 through 12/31/20. If you create a revenue schedule for 01/01/20 through 12/31/20, Salesforce Billing will create revenue transactions only for transactions that fall in 01/01/20 through 02/29/20 or 12/01/20 through 12/31/20.
            Example
            Example

            Your company follows the 4-4-5 calendar for accounting periods, where each year contains four 13-week quarters. Each quarter contains a 4-week period, another 4-week period, and a 5-week period. This way, your financial reporting covers an equal number of days over all four quarters in a year.

            Set up a finance book for the first quarter by using a Custom finance period duration and the following finance periods.

            Finance Period 1
            Start Date: 01/01/2020
            End Date: 01/28/2020
            Finance Period 2
            Start Date: 01/29/2020
            End Date: 02/26/2020
            Finance Period
            Start Date: 02/27/2020
            End Date: 04/01/2020
             
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