Administrator Progress ( Quizzes)

Lesson: 04 Fiscal Year

Notes

In Salesforce, a fiscal year is a period of twelve months used by an organization for accounting purposes. The fiscal year can be set up to begin and end on any month and day of the year, and it may or may not coincide with the calendar year.

Salesforce allows organizations to define their own fiscal year settings based on their accounting needs. This includes setting the start and end dates for the fiscal year, the number of periods within the fiscal year, and the type of fiscal year, such as standard or custom.

Once the fiscal year is defined, it can be used for various financial processes within Salesforce, such as budgeting, forecasting, and reporting. For example, Salesforce allows users to track financial information in different fiscal periods within the fiscal year, such as quarterly or monthly periods.

To view company setting:

Setup → Quick Find → Search for Company Setting

Standard Fiscal Years:

Standard fiscal years follow the Gregorian calendar, but can start on the first day of any month of the year.

Custom Fiscal Years:

Some companies break down their fiscal years, quarters, and weeks into custom fiscal periods based on their financial planning requirements. Salesforce allows you to flexibly define these periods using custom fiscal years. For example, you can create a 13-week quarter represented by three periods of four, four, and five weeks, rather than calendar months.

Set the Fiscal Year:

If your company follows the Gregorian calendar year but you want to change the fiscal year start month, use standard fiscal years. If your company does not observe a standard fiscal year, you can enable custom fiscal years, which define a more complex fiscal year structure.

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Administrator Course

A. My Personal Information (9 lessons)

B. Company Settings (8 lessons)

C. Object and Fields (35 lessons)

D. Users (8 lessons)

E. Security (14 lessons)

F. Data (5 lessons)

G. Reports & Dashboards (8 lessons)

H. Feature Settings (9 lessons)

I. Standard Objects (14 lessons)

J. User Interface (2 lessons)

K. Lightning App Builder (25 lessons)

L. Process Automation (2 lessons)

M. Email (2 lessons)

N. Formulas Functions (56 lessons)

O. Miscellaneous (1 lessons)

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Lesson: 04 Fiscal Year

Notes

To view company setting:

Standard Fiscal Years:

Custom Fiscal Years:

Set the Fiscal Year:

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Administrator Course

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Lesson: 04 Fiscal Year

Notes

To view company setting:

Standard Fiscal Years:

Custom Fiscal Years:

Set the Fiscal Year:

Administrator Course