This article reviews the process for editing a fiscal period/year. Fiscal periods can be edited once a fiscal year has begun. When making changes to fiscal years the system checks for gaps between years to ensure continuity. Users can also utilize the Fiscal Year Error Check report to ensure all Fiscal Calendars are set up properly and contain no gaps or overlaps in Fiscal Calendars.
Edit Fiscal and Operational Periods
Follow these steps to edit an existing fiscal period/year:
Click steps to expand for additional information and images.
1) Navigate to the Fiscal Years page.
A listing of all Fiscal Years are displayed in the grid.
2) Double-click the Fiscal Year to be edited.
3) Make necessary changes to Fiscal Year fields.
4) In the top ribbon, hover over Save and select desired option.
Save - Save the Fiscal Year and remain on the page.
Save and New - Save the Fiscal Year and open a new blank Fiscal Year.
Save and Close - Save the Fiscal Year and close the page.
Editing a Fiscal Year Linked to a Budget
If the fiscal year being edited has one or more linked budgets, a confirmation dialog appears before saving when either of the following changes is made to the Fiscal or Operational side that matches a linked budget's calendar type:
The period structure or start date is changed.
For a custom period structure, period rows in the Financial/Operational table are changed using Edit → Edit Complete.
Learn more about creating a new budget.