Introduction to Fiscal Calendar

A fiscal calendar is a crucial tool for organizing and managing financial periods within your organization. Unlike a standard calendar year, which runs from January to December, a fiscal calendar allows organizations to define their own financial year based on their business cycle. For example, a company might have a fiscal year that starts in April and ends in March, instead of following the regular January to December pattern.

In the Effort platform, the fiscal calendar plays a key role in ensuring that targets, performance monitoring, and financial reporting are accurately aligned with the organization’s financial year.

The fiscal calendar is used across various modules in the Effort platform, particularly in target tracking, performance monitoring, and financial reporting. For instance, when setting up targets for employees, teams, or departments, the targets can be associated with specific fiscal periods (such as quarterly or annual targets). This helps ensure that the performance of individuals and teams is measured based on the right fiscal year.

Below are the links to help you manage your fiscal calendars:

• Create a Fiscal Calendar: Learn how to set up a new fiscal calendar by providing the necessary details such as the calendar name and fiscal year start date.
• Edit a Fiscal Calendar: Learn how to modify an existing fiscal calendar if there are changes to the fiscal year or any other attributes.
• Delete a Fiscal Calendar: Learn how to remove an unwanted fiscal calendar from the system.