Setting the Fiscal Calendar

When you go online, you need to set up the fiscal calendar for the current year and any previous years for which you need to make journal entries. For some companies, fiscal periods start on the first day of the month and end on the last day of the month. After you go live, you need to update the calendar for each new fiscal year.

To set the fiscal calendar

1. On the General Ledger menu, select Fiscal Calendar. The Fiscal Calendar screen appears.

2. In the Fiscal Year field, type the earliest fiscal year that you’ll make journal entries for.

Note: Once you’ve set up a particular year in the fiscal calendar, you cannot set up any years that come before it. For example, if you type 2012, you won’t be allowed to type 2011 and 2010.

3. Click Add Period. The Date Range screen appears.

4. Do one of the following:

To use the default date range, click OK.
To change the date range, click and select an ending date from the pop-up calendar. Then click OK.

A new period is added to the fiscal calendar.

5. Repeat steps 3 and 4 for each of the remaining periods you need to add.

6. To add years to the fiscal calendar, click Duplicate Year for each additional year.

Tip: To see the fiscal years that you just added, click the Fiscal Year field and repeatedly press .

Note: If you changed the your company’s fiscal calendar by creating a short year and a new fiscal year, TireMaster sets the value in the Number column to 2. For more information, see Changing the Fiscal Calendar.

7. Close the Fiscal Calendar screen.