1- Enable the Accounting Periods feature.

Path: Setup> Company > Enable Features, on the Accounting subtab

2- Setup Fiscal Calendars
Path: Setup > Accounting > Fiscal Calendars: New Fiscal Calendar

A fiscal calendar identifies the fiscal year beginning month

I f you define have more than subsidiary with different financial year, you can define
more than fiscal calendar and assign them to subsidiaries.
Path: Setup  Company  subsidiaries
3- Setup a Full Year (instead of defining a year, quarters and periods)
4- Define adjustment Periods
Define a normal base period and make sure to assign it to your fiscal calendar and the correct parent quarter.