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Fiscal Years
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Fiscal Years
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Fiscal Period/Year Setup
Fiscal periods must be set up for each year by creating a Fiscal Year for each Legal Entity. Different Legal Entities can run on different fiscal years. When Fiscal Years are created, they are validated to prevent gaps between years. Within each ...
Updated on : 01 Jul 2024
Advanced Close: Fiscal Year
The Advanced Close feature allows a User to lock and unlock Fiscal Years, Periods, and Modules to better manage transaction entry. When enabled, a User can view and maintain the status of all Fiscal Years from the Fiscal Year Maintenance Screen...
Updated on : 04 Jun 2024
Closing a Period
Booking transactions dates is determined by the Closed Date on the Legal Entity. Setting this date will mean no transactions can be Approved or edited with a date less than or equal to the Closed Date for any locations in that Legal Entity. U...
Updated on : 04 Jun 2024
Reopen a Closed Fiscal Year
Fiscal Years can be reopened at any time as needed. In R365, there are two ways a Fiscal Year can be reopened: the Legal Entity Record and the Fiscal Year Maintenance Screen. All Users are able to update their Fiscal Years via the Legal Entity recor...
Updated on : 11 Jul 2024
Fiscal and Operational Combined Setting
When the 'Fiscal and Operational Combined' box is checked on the Fiscal Period/Year Setup screen, only one calendar will be set up for the Legal Entity's Fiscal and Operational Years. However, by doing so, all operational reports will de...
Updated on : 23 Jul 2024