Fiscal Year Workspace

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.

The Fiscal Year tab displays the fiscal year and fiscal year template whose periods you can define in the Fiscal Year Periods sub-tab.

While the fiscal year itself is being created, or if the fiscal year has not been fully defined (meaning that the periods in the fiscal year in question do not cover the whole year), you cannot create entries in that year. Maconomy shows that entries are not allowed by selecting the Blocked field in this workspace.

The Fiscal Year Periods sub-tab displays which periods correspond to which months. For instance, in the Print Balance Sheet workspace, you can print the balance sheet for a given period by specifying a month and a year. Maconomy uses the link between period and month in this workspace to determine the correct fiscal period to be printed.