Analysis and Intelligence use the fiscal calendars you define on the Fiscal Calendar tab for their reports and dashboards. BI Managers also use these fiscal calendars to set up their budgets on the Reporting Budget page.
A fiscal calendar lets your organization define accounting periods that are independent of the standard calendar year. Many organizations create custom calendars to align financial reporting with their business cycles, compare results with competitors, or avoid the busy January year-end period.
Each fiscal calendar includes one or more fiscal years, and each fiscal year contains one or more fiscal periods. Fiscal years have specific start and end dates, and their lengths can vary to account for leap years or short and long years.
Fiscal years cannot overlap or have gaps between them. Fiscal periods within a year can vary in length but typically represent months. The system generates a fiscal quarter for every three fiscal periods, and a fiscal year period for the entire year.
