Changing the Fiscal Calendar to a Long Year

Learn how to change the current year to a long year on the fiscal calendar.

  1. On the Menu System screen, click General Ledger > Utilities > Fiscal Calendar Reset.
  2. On the Fiscal Calendar Reset screen, select the fiscal year that you want to modify and click Edit.
  3. Do not make changes to the number of periods, but change the period 12 End date to the last period of the long year and click OK.
  4. Click Update and then Preview the report.
  5. In the Confirm Update window, select Yes, proceed with update to finalize your changes.

    The next fiscal year can now be added in the Fiscal Calendar Maintenance screen.

    Spectrum will enter the next available calendar period when adding a new year. You will have to modify the period labels and end dates when adding the year.