1. User Guide
  2. Fiscal Period Reporting
  3. How to Create a Fiscal Year

How to Create a Fiscal Year

  1. From the OPERA R&A navigation menu, click Fiscal Period Reporting.

  2. Click Create.

  3. Enter the Name of the fiscal year.

  4. Specify the Start Date and End Date for the fiscal year.

  5. Optionally, change the Fiscal Cycle to be based upon one if the pre-defined accounting cycles.

    1. Fiscal cycles define the number of weeks in each financial period in each financial quarter. For example, the 4-4-5 accounting cycle means that in each quarter, the first financial period consists of the first four weeks, the second period consists of the next four weeks, and the third period consists if the next five weeks. This quarter then accounts for 13 weeks, and the four quarters account for 52 weeks, or the full calendar year.

  6. Click save.