Fiscal year support

Overview

Clarizen customers whose fiscal year does not start on January 1, can configure their calendar to define their fiscal year.

You can choose between the following options:

  • Standard fiscal year
    If your fiscal year is based on the Gregorian calendar, but does not start on January 1, you can define a different start date for your fiscal year.

  • 4-5-4 fiscal year
    If your fiscal year is based on the 4-5-4 calendar, you can define a custom fiscal year that meets your needs. The 4-5-4 calendar serves in mostly used in the retail industry to ensure sales comparability between years by dividing the year into months based on a 4 weeks – 5 weeks – 4 weeks format. Visit the NRF web site to learn more about the 4-5-4 calendar.

Once you define your fiscal year, you can use the fiscal year periods throughout Clarizen in:

  • Groupings in reports, dashboards, Gantt, and Roadmap
  • View filters in views, and reports

You only need to define the fiscal year once. The year definition is automatically applied for each consecutive year.

For instruction on how to configure a fiscal year, refer to the Configuring fiscal calendar year article.

New Properties for the Standard mode

The Standard mode includes the following new or modified properties:

Property name   New?   Default value Description 
 Existing customers New customers
Week 1 starts Yes Not set Not set Specifies what you want to count as the first week of the year, in case the first day falls on a weekend or a holiday.
Show year as Yes End of fiscal year End of fiscal year Defines whether the fiscal year number (as it appears in groupings and views) is based on the year in which it begins or ends.
Show quarters # relative to fiscal month No Retains the previously set value Enabled and hidden Displays data based on the fiscal year periods in the Gantt view and the Roadmap.
Filters and group by should use fiscal year Yes Turned off
(Can be enabled by a System administrator)
Enabled and hidden Displays data based on the fiscal year periods in filters and group by.
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