Establishing Fiscal Months

Fiscal months are defined for accounting purposes. They are often used to even out the number of days included in each quarter of the year. For example, many companies are on 4-4-5 quarters where the three months in each quarter have 4 weeks, 4 weeks, and 5 weeks. You define the beginning of each fiscal month by dragging the red squares to the appropriate dates.

To set a start date for a fiscal month, complete the following steps:

  1. Select a red box.

  2. Drag it to the appropriate date.

Fiscal Month Restrictions

You cannot have less than two weeks or more than eight weeks in a month. If you attempt to enter a date closer than two weeks to the previous month's fiscal start, or farther than eight weeks from the previous month's fiscal start, MPM displays an error message. However, there can be two fiscal start dates in a calendar month, depending on the way your calendar is set up.

You can tell which month a red square refers to by placing the mouse pointer over the red square to display the popup label.

Last Fiscal Start Date

The last fiscal start date identified by a red square serves as both the start date and end date of the last fiscal month. This creates an empty month marking the end date for the calendar.

Related Topics

Identifying Holidays

Entering Equivalent Person Month Hours