Overview
Fiscal Year is a fundamental component of FreeBalance Accountability Platform. Budgets are created per fiscal year, transactions are posted for a particular fiscal year, reports are generated by fiscal year, an analysis is performed comparing results from fiscal year to fiscal year and so on, etc. A fiscal year may not correspond to a calendar year. This screen contains the different fiscal years registered within the system.
Navigation
Admin ► Common Entities ► Fiscal Years & Periods ► Fiscal Years
Fiscal Year screen Fields
Field | Description |
Code | Unique alphanumeric code for Fiscal Year. |
Start Date | Start date of Fiscal Year. |
End Date | End date of Fiscal Year. |
Status | Defines the status of Fiscal Year- whether Open, Closed or New. |
Open for Budget Preparation | Defines whether the fiscal year is open for budget preparation. |
Open for Budget Execution | Defines whether the fiscal year is open for budget execution. |
Open for Adjustments | Defines whether the fiscal year is open for adjustments. |
Current Fiscal Year for Budget Execution | Defines whether it is the current fiscal year for budget execution. |
| Open for Purchasing Planning | Defines whether it is the current fiscal year for Purchasing Planning. |
Active | If false, the Fiscal Year cannot be used anymore and it would be there for reference purpose only. |
Abbreviation | Abbreviation for Fiscal Year. |
Description | Description of Fiscal Year. |