Overview

NorthScope allows users to create new fiscal years and also open/close existing fiscal periods by the module. Fiscal periods are integrated with the Host system, if the integration setup for fiscal periods is set to immediate or timed. 

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• Fiscal Year: This field defaults to the next fiscal year. A fiscal year cannot be skipped. E.g. If the last fiscal year in the list view is 2021, the new fiscal year is required to be 2022 and an error is displayed if a user tries to enter 2023.
• #Periods: This defaults to the # Periods from your last Fiscal Year but can be overwritten. Enter the number of periods in the fiscal year. This field cannot be edited after the record is saved.
• Start Date: The start date defaults as the day after the last year's 'End Date'. This field cannot be edited.
• End Date: Enter the last date of the Fiscal Year. This field cannot be edited after the record is saved.
• Posting Status: This field displays the status of the fiscal year.  The fiscal year can be in the status of Open, Closed or Archived.

Click Save toolbar icon to create the Fiscal Year.

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Note: Fiscal period Start and End Dates will only fill when the fiscal year is a 12 period year and starts on January 1 and ends on December 31.

Note: The Fiscal Year Record View will be completely disabled when the Fiscal Year is closed.