The Financial Calendar accommodates clients using non-typical standard calendars or fiscal calendars for their use in their accounting system, neither types of which match the PSA standard calendar.
Examples:
- Non-Typical Standard Calendars: Could be March 1st to the end February
- Fiscal Year Period Calendar: 3-3-4-3 or 4-5-4 Accounting Calendar
Examples of Fiscal Calendars
Examples ofTwo Fiscal Calendar Types:
4, 4, 5: Four (4) quarters with 13 weeks per quarter where each quarter's first, second and third months consist of '4, 4, and 5' weeks respectively. (Variations of this could be '4,5,4', or '5,4,4‘.)
3, 3, 3, 4: Thirteen (13) periods per year with 4 weeks per period, where the first, second, third and fourth quarters have respectively '3, 3, 3, and 4' months (or periods) in each quarter. (Variations of this could be '3,3,4,3', '3,4,3,3', or '4,3,3,3‘.)
Capabilities of the Financial Calendar
The Financial Calendar is only applicable to the Financial Planner, with the following capabilities:
- Define a Standard Calendar
- Import a Fiscal Calendar using an excel template
- Define multiple calendars
- Mark one calendar as a Default Calendar
- Associate the Financial Calendar to an Accounting Company
- Inherited from the Accounting Company to the Financial Planner at the Project level
For further details refer to: