Events May Indicate a Fiscal Year

For some types of memberships, the amount of each event is associated with a specific fiscal year. This is true for capital credit memberships where capital credit allocations are calculated for a fiscal year. When the capital credits are redeemed (also called retired), the retirement events must also indicate a fiscal year. Because all events for this type of membership are related to a fiscal year, the system can calculate the balance for the events by fiscal year.

If you want the system to require a fiscal year for every event in the membership, you must set a switch on the membership type page. For memberships that calculate a balance and indicate a fiscal year, the balance for each fiscal year may be viewed on the membership page.