Video - InEight Control - Fiscal Calendar

TRANSCRIPT

Welcome to InEight Control.

This video demonstrates how to define control related settings for your

organization.

The fiscal calendar is only for administrative users who have the appropriate

permissions to access organization settings. To access the fiscal

calendar settings, click here

and select all projects and organizations.

Click on the organization tab

and select the organization you are working on.

In the organization homepage,

on the organization tile select manage settings.

Once in the organization settings, click on the fiscal calendar tab.

Under this tab,

you can define the end of each week and fiscal year if needed.

The period end section provides settings for your monthly billing periods

under month end day. You have several options,

including first day of the month, last day of the month,

last weekday of the month, and any day of the month you specify.

The financial period closing day setting allows you to end your financial month

on a day different than the actual month end. For example,

you may need to select same as month end plus days,

and then select seven days or one week before the financial period

closes. During that seven day period after month end,

your live forecast values will be frozen so that any new actuals

accumulated during that frozen period will be suspended,

not populating until the seven extra days are over.

You can also input in a financial period, closing time and time zone.

In control workspaces on your live forecast data block.

The current live forecast reflects the period end settings you just defined

in the fiscal calendar organization settings. Once a financial period

is complete to import the actuals that accumulated during your frozen period

between month end and the financial period end,

a function will automatically run where the forecast equations will be updated

to be current automatically. So once the closing period is complete,

the forecast equations will be automatically updated to be current,

to bring in the actuals that were accumulated during the suspended seven day

closing period.

The date of when the last actual data was imported is shown here on the

forecast data block and the live forecast data block headers.

This data will also be shown in the audit log and in the cost categories

forecast data blocks. Well,

that's a quick overview of the organization settings in control.

Thanks for watching.