A company wants to be able to restart order numbers at 001 at the beginning of each fiscal year. How can the company set this up?

Question

Options

• AUse a prefix indicating the year in the numbering series
• BUse a period indicator in the numbering series
• CUse a suffix to identify the year in the numbering series
• DUse a manual document numbering series

• A
  8% (2)
• B
  73% (19)
• C
  15% (4)
• D
  4% (1)

Explanation

Option B is correct because a period indicator in a numbering series defines the time interval (e.g., annually, monthly) after which the counter automatically resets - precisely allowing the system to restart at 001 at the beginning of each fiscal year. A prefix (A) only adds identifying text before the number but has no mechanism to trigger a reset of the sequence. Similarly, a suffix (C) appends text after the number but also cannot control when the counter resets. Manual numbering (D) removes automation entirely and requires users to enter numbers by hand, which is error-prone and not a scalable solution for automatic yearly resets.

Memory tip: Think of a "period" as a point in time - the period indicator tells the system when to start a new period and reset the counter, just like a new fiscal period starts a fresh count.

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