Fiscal Periods
Overview
Section titled “Overview”Fiscal Periods allows Tenant Admins to define the fiscal calendar used by the organization. These periods are referenced by financial documents, reports, and closing procedures to ensure transactions are recorded in the correct accounting period.
Access & Permissions
Section titled “Access & Permissions”| Role | Access Level |
|---|---|
| Tenant Admin | Full access |
| Account Admin | No access |
| Super User | No access |
Visibility Conditions
Section titled “Visibility Conditions”Hidden for System Admins. Only available in standard tenants.
Key Features
Section titled “Key Features”- Period Definition — Create fiscal periods with a name, start date, and end date (e.g., Q1 2025, January 2025).
- Period Status — Set each period’s status: Open, Closed, or Locked. Closed periods prevent new postings; locked periods prevent any modifications including reversals.
- Fiscal Year Grouping — Organize periods into fiscal years for high-level reporting and year-end closing workflows.
- Period Close Wizard — Step-by-step process to validate all transactions are balanced before formally closing a period.
- Reopen Period — Re-open a previously closed period when corrections are required, subject to authorization.
:::tip TODO
- Add screenshots of the fiscal period setup wizard.
- Document the difference between Closed and Locked period statuses.
- Provide a guide on the year-end closing procedure. :::