Define or Modify a Custom Fiscal Year
Set up your company’s custom fiscal years to fit your company’s calendar. If you define a custom fiscal year and want to change it, edit the existing fiscal year definition.
Required Editions
| User Permissions Needed | |
|---|---|
| To change your fiscal year: | Customize Application |
Before defining a custom fiscal year, enable custom fiscal years.
Before defining or editing any custom fiscal years, be aware of its impact on forecasting, reports, and other objects by reviewing Define Your Fiscal Year.
If your company uses forecasting, creating the first custom fiscal year deletes any quotas and adjustments in the corresponding and subsequent standard fiscal years.
Custom fiscal years cannot be deleted.
- To define a new custom fiscal year, navigate to Setup, click Company Profile | Fiscal Year
- Click New. The Custom Fiscal Year template dialog opens.
- Choose a template and click Continue to close the Custom Fiscal Year template dialog. For more information on the templates, see Choose a Custom Fiscal Year Template.
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Set the fiscal year start date, the fiscal year name, and choose the week start day. You
can also add a description for the fiscal year.
For the first custom fiscal year, the Fiscal Year Start Date and the Week Start Date are automatically set to today's date and day of week. If you already defined a custom fiscal year, the start dates are set to the day after the last end date of your custom fiscal years. To change other than the start date, year name, or week start day, see Customize the Fiscal Year Structure.
- To review the fiscal year definition, click Preview.
- If it is correct, close the preview and click Save to save your fiscal year, or Save & New to save your fiscal year and define another fiscal year.
If you want to make changes to a previously defined custom fiscal year, click Edit for the fiscal year you want to edit. Change the Fiscal Year Start Date, the Fiscal Year Name, Description, or Week Start Day. Click Preview to review the fiscal year definition, then click Save.
Sometimes changing the Fiscal Year Start Date causes this fiscal year to overlap with the previous fiscal year or create a gap between the fiscal years. In this case, the end date of the previous fiscal year is changed to the day before the start of this fiscal year.
If changing the end date causes this fiscal year to overlap the next fiscal year, or create a gap between the fiscal years, the start date of the next fiscal year changes to the day after the end of this fiscal year. You can’t change the start or end date of a fiscal year if that causes it to overlap with a fiscal year that is defined using a Gregorian year template.
To make more detailed edits, see Customize the Fiscal Year Structure.
The default label values for the fiscal year periods determine the fiscal year period labels for forecasting and reporting, unless you specify them. To change them, see Customize the Fiscal Year Labels.
