Fiscal Year Setup
Overview
Designating a fiscal-year structure enables your organization to compartmentalize the transactions of its general ledger into different financial years. Each of these fiscal years may, in turn, be further broken up into a number of smaller periods, providing an additional layer of categorization and control over transactional data. Fiscal years and periods can, of course, also be closed to subsequent posting activity at a certain point. This gives you the ability to define financial containers or “buckets” however is most meaningful to your organization.
First Time Setup
New FundWriter users must designate the structure of their fiscal years, including their duration and the number of accounting periods they will contain.
To set up your Fiscal Year:
- From the DDI Connect main menu, double-click FundWriter
- Double-click FundWriter Setup
- Double-click Fiscal Year Setup. You will see this screen:
