Set up a financial year - overview

One of the first tasks of system configuration is setting up the financial year and financial periods.
The system provides flexibility for setting up the financial year and its periods because the start date and required number of periods of the financial year vary across businesses and countries.
The following topics provide information and step-by-step instructions on initial configuration of the financial year and financial periods in the system.

Topics:

• About the financial year and financial periods
• Configure week-based financial periods
• Configure a fiscal year and its periods
• Configure a financial year that matches the calendar year
• Shift the first year one year earlier
• Add an adjustment period