1. Click New Finance Period in your finance book’s Finance Periods related list.
2. Give your finance period a name.
3. Enter a period start date and period end date.
4. Set your period status.
5. Set your finance period legal entity.Set this value only if you want Salesforce Billing to consider legal entities when assigning a transaction to this finance period. If you don’t give this field a value, Salesforce Billing evaluates the Period Type field and then the period date range.