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Workspace Properties - Periods

The Periods page of your Workspace Properties document displays two sets of periods created for your workspace: Cost Periods and Internal Periods. Cost periods are commonly used to track costs. For example, you use them to determine which invoices should be included in the calculation of expenses, which subcontract change order can be added to contract invoices, and which change order can be added to a payment.

Internal Periods are used to track additional periods, such as profit-projection periods or accounting periods. In most organizations, their accounting end-of-month period is not the same as the workspace's end-of-month period.

Enter edit mode to do the following:

• To add a cost or internal period, click Add Line.
• To remove a period, select the check box next to the cost or internal period to remove and then click Remove Line(s).

You can create more than one period for each period set. Define each period using the following attributes:

• Period ID:A unique ID assigned to the period. Each period is automatically assigned the next sequential ID. If necessary, you can modify this ID.
• Description:Enter a brief explanation of the period set. This is a required attribute.
• Start Date:

  Type or click the Calendar icon to select the date when this period starts. This field is required. Ensure that the Start Date is not:

  • The same or later than the End Date.
  • Earlier than the End Date of another period within the same period set.
  • There's no date overlap between periods within the same period set.
• End Date:

  Type or click the Calendar icon to select the date when the period ends. This field is required. Ensure that the End Date is not:

  • The same or earlier than the Start Date.
  • Later than the Start Date of another workspace period within the same period set.
  • There's no date overlap between workspace periods within the same period set.
• Accounting Code:Enter a value to be used to synchronize Proliance cost periods with your accounting system’s cost periods.
• Current:Select it if this workspace period is currently in effect.

This section is only relevant to Plan-Build workspaces.