The fiscal year is the financial accounting period of twelve months. Users with the required Permissions can set the fiscal year according to their agency's policy.
Steps to Configure the Fiscal Year
Click Administration > System Configuration > Fiscal Year to display the Fiscal Year screen as shown below.
Enter information in the fields described below per your agency's policy.
Field | Description |
Fiscal Year | The period between October 1st and September 30th. |
Fiscal Year Starts | The month and date the fiscal year begins. |
Fiscal Year Ends | The month and date the fiscal year ends. |
Click Save. A verification message displays as shown below.
Read the content of the message carefully, then click OK to save changes. A verification message will display asking if you'd like to save the changes Click OK to continue.
After clicking OK, a confirmation message appears stating that the settings saved successfully. Click OK to close this message.
NOTE: Changes in the fiscal year will be reflected in the Request number format. For example, if you select 2017 as the fiscal year, October 1, 2016 as the start date, and September 30, 2017 as the end date, all Requests received before October 1, 2016 will have a Request number starting with 2016, as the period falls ahead of the fiscal year.