When you click this button, a default period of one year is suggested. The starting day of the suggested period is the current date, and the periods that are created will always start at the beginning of the period type.

Before the start of every fiscal year you must update the period definitions. When you have created the various period definitions the next step is to update each employee by using periods for the new fiscal year.

Select the Update employee periodscheck box to automatically update the period for all employees who are attached to this period.