Fiscal Period

The Fiscal Period works in conjunction with the Post Date on financial documents.  Upon saving a financial document entry, the system will validate that the provided Post Date falls within the provided Fiscal Period.

The list of Fiscal Periods available in your system is configured by the Administrator via the Admin > Setup > Fiscal Years screen.

The list of Fiscal Periods available will depend on several factors, including:

• Role   
• • Administrator - Users having the Administrator role, will be able to see all fiscal periods (open and closed), potentially limited by the Number of Open Fiscal Periods (unanet.financials.open_fiscal_periods) property.  These users have the ability to post documents into any fiscal period (e.g. future periods, closed periods and closed years) as needed (with appropriate warning if they are targeting a closed period).
     
  • Non-Administrator  (xx User/xx Poster) - Users having access to create financial documents that do not have the Administrator roles will see only non-closed Fiscal Periods in the dropdown lists.  
      
• Open Periods - Periods are considered open if their begin date is after the last closed fiscal month.  If fiscal periods have never been closed, the value of Post to General Ledger Effective Date (unanet.financials.post_to_gl.eff_date) property will be used to determine the first open period. The period containing the date/value of the property will be considered the first open period. Any period prior to that period will be considered closed. If the property is not set, all fiscal months will be considered open.
    
• Number of Open Periods - Should the Number of Open Fiscal Periods (unanet.financials.open_fiscal_periods) property be configured with a non-zero value, then the list of available Fiscal Periods will be further limited to that number of options.  That property will instruct the system to show only X number of Fiscal Periods beyond the latest closed period.  If this property is not set (or contains a value of zero), then all open fiscal periods will be included.