What must be set up to use periods in a KPI scorecard?

To utilize periods in a KPI scorecard effectively, it is necessary to establish both accounting periods and a period filter within the saved search. Accounting periods are crucial as they define the time frames for which financial transactions and data exist. By setting up these periods, users can analyze specific intervals (monthly, quarterly, yearly) for financial performance.

Additionally, the period filter within the saved search plays a vital role in determining the scope of the data that the KPI scorecard will analyze. This filter allows users to specify which accounting periods they are interested in reviewing, thereby ensuring that the KPIs accurately reflect the performance metrics relevant to that time frame.

The other choices do not encompass the complete setup required for using periods in a KPI scorecard. Financial data alone is insufficient without the structure provided by accounting periods and the filtering mechanisms that allow users to focus on particular segments of time. Annual budget reports and custom KPIs, while useful in other contexts, do not directly relate to the implementation of periodic analysis in the KPI scorecard.