Trying to change the default period type for benefit plan to 'Annually'. I have set up default value for period type in attribute property of period type to 'Annually' in benefit plan object. However, when I create new benefit plan, default value for period type is coming as 'Monthly'. How can I set the Period Type to Annual as a default on the Benefit Plan object?
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If you have a default period type set for your entity, this will override any period types set at the object level.
There are two options to change the period type default for benefit plans
Change the Period Type in the above steps to [--Select--] for all entities. See Screen shot below
One difference if you want to have a different period type for benefit plan versus cost plan. (Example: To have the benefit plan set to yearly while the cost plan is monthly)
On the Entity’s property tab, set the Fiscal Period Type for what you want your Cost Plan default to be (IE Monthly)
Note: There aren't any issues seen regarding changing the period types, this just impacts what new cost plans and benefit plan period types default to, which can be changed by the user if needed on the create screen.
To change the default period type for cost plans, see: Change the default period type for Cost Plans