In Fiscal Year Maintenance you can open, and close the months and close Fiscal Year. You can also create your new fiscal year when ready which will allow a preliminary budget to be populated in advance of the new year. The grid view will display each periods Description, Beginning Date, Ending Date and if it is closed.

You can print or download a list of periods using the printer or excel icons on the right above the grid view.

When selecting the gear icon it takes you to a screen where there are action buttons on the right for each period to close, and open; however, you may not have more total periods open than the organization settings have defined in the Max and Exception Periods combined. You may reopen periods as long as the total number of periods does not exceed the max and exception periods for the organization. If additional periods are needed please discuss further with your support organization.

When adding a new fiscal year you begin by defining the Beginning Date of that fiscal year and the Fiscal Year initial month is displaying depending on the Organization Config Setting selected for the month. Once you generate, below will show the Fiscal Year Details. The Description is populated based on the options selected on Accounting Settings. On the Periods tab, a table will be created showing the Beginning and Ending date for each month within the fiscal year you are creating. After ensuring the fiscal year to be created is correct you can click Save and Close to save the new fiscal year.