Fiscal Calendar Changes - No Transactions Entered

If your fiscal calendar ending date changes and you have not entered data into the first month of what will be your new fiscal year, you must decide if your current year will be short (less than 12 months) or long (greater than 12 months). Then you can use the Fiscal Calendar Maintenance screen to change the period ending dates.

For example, if your old fiscal year ended 10/31/xx and now it will end 12/31/xx, you can elect one of the following options:

  • Have a long 14-month fiscal year 11/01/12--12/31/13 or

  • Show two fiscal years--a 12-month year 11/1/12--10/31/13 and a short year 11/01/13--12/31/13.

In the first example, your 12th period of the current year would be changed from a period ending date of 10/31/12 to 12/31/13. Therefore, three months of activity would be posted in the 12th period.

If you elect a short year, then your fiscal year would be just 2 fiscal periods 11/1/13--12/31/13.

Note: It is not possible to change the fiscal year description. You cannot change fiscal year 2012 to 2013 because fiscal year 2012 data already exists. If you find it necessary, a one-time custom program can be written to correct the description. For more information, contact Viewpoint by visiting the Viewpoint Customer Portal.

If your fiscal calendar ending date changes and you have entered data into the first of month of what will be your new fiscal year, you will need to follow the instructions in the Fiscal Calendar Changes - Transactions Entered topic.