Configuring Financial Calendars

Financial Calendars provides enhanced visibility of calendar information as well as easier management of calendar data and financial years, especially where it is to be replicated across multiple business units and multiple modules.

SunSystems provides users with the ability to define transaction dates and accounting periods independently of one another which allows considerable flexibility and ease of setup. The Financial Calendars function enables you to define and display the financial year across business units or multiple business units. For more information see 'What are Financial Calendars?'

Before attempting to configure financial calendars, you should plan your accounting period and financial year requirements carefully.

The basic configuration:

  1. In Financial Calendars (FCS) create the financial calendar header record with the relevant languages if required.
  2. Select the Year option to open the Financial Calendar Years form.
  3. Enter the Financial Year to be created and complete the remaining fields as required.
  4. Ensure the status of the Financial Calendar and Financial Year are set to open and select the Assign option to assign the relevant business units
  5. Once activated you are automatically taken to Managing Periods (FCP)
  6. Complete the period requirements for each business unit and module for which you are serialized and activate the changes in order for the financial calendar code to be useable
  7. Once the year end processing has been completed for your financial year, select Close Financial Year (FCY)