Fiscal Years Concepts

Use this workspace to define each period in the fiscal years that you created in the Fiscal Year Templates workspace.

You can define the periods as needed, if you adhere to the following rules:

• A period starts the day after the ending of the previous period. This means that overlapping periods and gaps between periods are not allowed.
• The periods of a fiscal year are changed backward, meaning that the last period of a fiscal year is changed first, and so on.

Note that if you change the ending date of a fiscal year in the Fiscal Year Templates workspace, Maconomy deletes all of the periods in that fiscal year from this workspace, and Maconomy creates a number of additional monthly periods.