Fiscal Year Templates Workspace

Use this workspace to create and maintain fiscal year templates.

Maconomy is delivered with one fiscal year template that contains twelve periods and follows the calendar year. You must create any additional fiscal years in this workspace before you can create entries for the year in question. You define the periods within each fiscal year in the Fiscal Year workspace.

You must assign all of the companies in Maconomy to a fiscal year template in the Company Information workspace, and you must specify a fiscal year for each company. After you post information in a company, you can no longer change the fiscal year template for the company in question.

When you create a fiscal year template, Maconomy suggests a fiscal year that corresponds to the calendar year. If you change the dates, for instance to a fiscal year that runs from 04/01/1999 to 03/31/2000, and you create a fiscal year, Maconomy automatically suggests the dates 04/01/2000 to 03/31/2001, that is, a whole year. However, you can change these dates as appropriate, ensuring that no two fiscal years can overlap, and that no gaps are allowed between fiscal years.

If you begin using Maconomy in April, but the fiscal year actually corresponds to the calendar year, you can thus use a fiscal year template that starts with a year that runs from April to December, while subsequent fiscal years correspond to the calendar year.

When you create fiscal years in this workspace, Maconomy creates a number of periods in the Fiscal Year Periods sub-tab of the Fiscal Year workspace. The first period starts on the starting date of the fiscal year, and the last period ends on the ending date of the fiscal year. Each period is one month long, but you can change this in the Fiscal Year workspace. Note that if you change the ending date of a fiscal year in this workspace, Maconomy deletes all of the periods and recreates them in the Fiscal Year workspace, and the new periods are once again one month long.