6Accounting Calendar

This chapter contains the following:

The accounting calendar defines the start and end of your fiscal year and the time periods in that calendar, including the exact dates for each time period. Your sales application uses these defined periods, often called enterprise periods, for multiple purposes. Here are some examples:

  • Reports that provide amounts by enterprise period, such as a sales pipeline analysis

  • Metrics calculations by period for territory analysis

  • The ability to adjust forecast amounts by time period

  • Distribution of quota amounts by time period

The period frequency set in your fiscal calendar is the shortest period you can use. Most sales organizations select monthly (the default setting in Setup Assistant). A monthly period frequency enables you to generate monthly forecasting windows that permit your organization to update quarterly forecasts. And you can break down activities and reports by month and summarize by quarter and year. If you set the period frequency to yearly, then you can create reports and activities for the year, but cannot break them down by month. If you set the period frequency to weekly, then you can perform activities and generate reports by week, quarter, and year, but not by month because the number of weeks varies by month.

Accounting Calendar Setup Tasks Setup Assistant Completes for You

The entries you make in Setup Assistant completes all of the tasks you need to create the accounting calendar and enable it for use in your sales application:

  • Creates the accounting calendar itself.

  • Creates the forecasting periods for five years from the year you entered.

  • Enables the calendar for use by setting the profile Accounting Calendar Default.

  • Enables the calendar to be used in analytics and report by running the Refresh Denormalized Time Dimension Table for BI process.

Follow the procedures in this chapter to review the accounting calendar that was created for you and, if required, to create additional forecast periods in the future.

Review the Accounting Calendar and Generate Additional Forecasting Periods

You can review the accounting calendar Setup Assistant created for you. Optionally, you can generate forecasting periods for additional years in the future in your review. If you need to make other changes to the accounting calendar, for example, if you need to start the calendar in an earlier year, you must create a new accounting calendar. See the Create Accounting Calendar topic in the Implementing Sales guide. You can't create a different accounting calendar after you start using your calendar for forecasting and reporting.

  1. In Setup and Maintenance, go to the following:

    • Offering: Sales

    • Functional Area: Company Profile

    • Task: Manage Accounting Calendars

  2. On the Manage Accounting Calendars page, click the name of the calendar created for you by Setup Assistant.

  3. The Edit Accounting Calendar page displays the periods created for you by year from the starting date you entered in Setup Assistant. You can change the year format and generate periods for additional years.

  4. Here's how to generate periods for additional years. For each year, do the following:

    1. On the Edit Accounting Calendar page, click Add Year.

    2. Click Save.

  5. When you complete adding all the years, click Save and Close.

  6. Click Done.