Fiscal Calendar



  • R.C. Chancy

    I already have fiscal periods open for FY 2015, 2016, and 2017 in the Receivables and Inventory modules only. How do I add fiscal periods for FY 2015, 2016, and 2017 in the General Ledger module only?

  • Maggie U.

    Hi R.C.,

    To do this in v20, follow the below steps:

    1. From the Main Menu, click the Fiscal Calendar link.
    2. On the Fiscal Calendar screen, click Add.
    3. On the Create Fiscal Year screen, enter the following information: Year = Year to add the fiscal periods to (i.e. 2015) Type = Type of fiscal calendar you are using. Must match the type of the existing fiscal year. Start Date = Enter the start date of the fiscal year. # Periods = Enter the number of periods to be added. Accounts Receivable, General Ledger, Inventory, Accounts Payable, Fixed Assets - check the modules the periods need to be created for. In your case, check the General Ledger checkbox and uncheck all other checkboxes.
    4. Click OK. If you look at your 2015 fiscal year, you will see the newly added General Ledger periods.
    5. Repeat the steps above for 2016 and 2017.


  • Himanshu Sheogaonkar


    we have successfully created the fiscal calendar for 2017 and as we are running now in 2016, do I need to change the status of fiscal month to set it as current for every month going forward?

    Steps are as below:

    1. Locate the year.

    2. Edit the year

    3. Select the month and right click for more options>select tools and set specific module status to current. We have enabled all modules currently.



  • Maggie U.

    Hi Himanshu,

    Only the current period should be set to Current with all future periods set to Open and past periods should be closed.  As long as you are doing all the month end processing and closing each period from its respective module, the next period for that module will automatically be set to Current.  If you aren't doing month end processing and closing periods, then you will need to manually set each month to Current.

    You only need to maintain the fiscal period for the modules in the software that you own and use.  For example, if you don't own and use Fixed Assets, then you don't need to have that module's fiscal periods in your fiscal calendar.



  • Himanshu Sheogaonkar

    Thanks Maggie, that helped.

  • Sean Tame

    Can you please explain the use of the Rollup checkbox?


  • Lauren Curd

    Hi Sean -

    The Rollup box deals with the closing of the inventory period.  Checking this box determines whether we use the valuation amounts when closing the inventory periods.



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