Manage Accounting Calendars

Use the Cloud ERP Manage Accounting Calendars task in the Financial Reporting Structures functional area to set up the periodic accounting calendar to be used for cash forecasting purposes.

The calendar frequency should align with the periodic time granularity (either Monthly or Weekly) that will be set up in the Enabling Predictive Cash Forecasting setup task. To set up the periodic calendar for cash forecasting, complete these steps:

Note:

Use this setup to define the Weekly calendar for Predictive Cash Forecasting. The calendar definition is not required for the Monthly frequency.

1. Log in to Functional Setup Manager (FSM).
2. In the Setup and Maintenance work area, go to the Manage Accounting Calendars task:
   • Offering: Financials
   • Functional Area: Financial Reporting Structures
   • Task: Manage Accounting Calendars

     You can also use this navigation: Navigator > My Enterprise > Setup and Maintenance > Tasks panel tab > Search > Manage Accounting Calendars.

3. To add an accounting calendar, on the Manage Accounting Calendars page, in the Search Results section, click the Create (+) icon to open the Create Accounting Calendar: Calendar Options page.
4. On the Create Accounting Calendar: Calendar Options page, complete the required fields and click Next.

   Note:

   It is recommended that the period definition start from the past years to match the extraction duration in Review Predictive Cash Forecasting Data Extraction Options.

   The application automatically creates the periods as per the defined frequency. It also creates an adjusting period.

5. On the Create Accounting Calendar: Period Details page, review the period start and end date, make any necessary revisions, and click Save.
6. Use the Add Year option to generate periods for subsequent years.
7. Click Save and Close.