Configuring Fiscal Period Reporting

Properties can set up their fiscal years based on either the calendar year (January 1 through December 31) or on any 12-month period (such as September 1 through August 31). They can also define fiscal periods for printing periodic property revenue reports during a given year.

Note:

The first fiscal period of the year might not start before the start date of the fiscal year, and the last fiscal period of the year might not end after the end date of the fiscal year. For example, if your fiscal year 2019 starts on July 1, 2019, then first fiscal period in 2019 cannot begin on or before June 30, 2019.

Note:

You cannot edit the Start/End Date fields after the year has been saved. When the Edit button is selected, the only editable field is the Description field.

Adding Period Definition Periods

1. From the Administration menu, select Financial, select Cashiering Management, and then select Period Definition Periods.

2. Select New.

3. Select Single Period or Cycle Period.

4. If you select Single Period:

   1. Enter or confirm the Property name.

   2. Select the Period Definition Years. This is the calendar year in which the period will fall.

   3. Also, enter a Period name, a Description of the period (such as 3rd Quarter), and the Start and End dates of the year.

5. If you select Cycle Period:

   1. Enter or confirm the Property name.

   2. Select the Period Definition Years. This will be a fiscal year that you must configure prior to adding fiscal periods.

   3. Enter a Period Prefix. OPERA Cloud numbers the periods consecutively starting at 1, with the prefix defined in the Prefix field.

   4. Select the Cycle from five options. Each option offers a different length of time. Select the option that best meets your property’s reporting time frame. Cycle options:

      • 1 = 4 Week (28 Day) Period

      • 2 = 4,4,5 Week Period

      • 3 = 4,5,4 Week Period

      • 4 = 5,4,4 Week Period

      • 5 = Calendar Period

6. Click Save.

Editing Period Definition Periods

1. From the Administration menu, select Financial, select Cashiering Management, and then select Period Definition Periods.

2. Enter search criteria and click Search.

3. In the search results, select the code and click the vertical ellipsis.

4. Click Edit.

5. Update the configuration.

6. Click Save.

Deleting Period Definition Periods

1. From the Administration menu, select Financial, select Cashiering Management, and then select Period Definition Periods.

2. Enter search criteria and click Search.

3. In the search results, select the code and click the vertical ellipsis.

4. Click Delete and confirm the deletion.

5. Click Save.