Fiscal Calendar

Fiscal calendar

The settings in the Fiscal Calendar can be set at the organization and project levels. These settings specify:

• Week ending day

• Financial year start month

• Period end options of month end day, last weekday, financial period closing day, month end plus days, financial period closing time, and closing time zone.

• Project fiscal calendar settings (Organizational level only)

It is important to know the different cut-off dates, especially when you pull the current period actual quantities to compare them to prior periods, or when you synchronize your quantities with the other applications.

Changes to a project level fiscal calendar only impact the project, while changes to the organization level fiscal calendar impact all projects that do not have fiscal calendar modifications. If there are no changes at the project level, and the project matches the organization fiscal calendar settings, the project inherits the organization-level settings.

Any changes to the project fiscal calendar impact read-only snapshots, which are captured at the closure of month-end plus days, for the period month being closed. Changes also influence the monthly time buckets in time-phase forecasting and budgeting and to the time periods in which claims can or cannot be posted.