To prepare for a new financial year, confirm that the new year is available, and generate new periods.
Check and add the new year
Select the Maintenance menu and choose Periods.
Check if you can see the new year above the table.

If you can’t see the new year, click the plus button next to the years and follow the prompt.
Generate periods
Select the Maintenance menu and choose Timesheet Periods.
Select the new year above the table.

Click Generate Periods above the table.
If you want to change your default timesheet frequency, log a case with Support to discuss.