Creating and Configuring Fiscal Years

Last updated on 2025-07-08

Overview

If one or more reporting entities of your enterprise have a different fiscal year, then you can define the different fiscal year(s) in Lucanet.

The default fiscal year with the first month January is preconfigured as the element Calendar year in every Lucanet database.

This article contains the following sections:

Creating Fiscal Years

To create a fiscal year:

  1. Right-click the Fiscal years root folder.
  2. Choose Create | Fiscal year from the context menu. The Create Fiscal Year dialog is displayed:

    Create a fiscal year
  3. Enter the name of the fiscal year in the Name field.
  4. Enter the fiscal year abbreviation. The abbreviation is displayed when you specify the period in the dimension bar.
  5. Choose the first month of the fiscal year from the drop-down list. If there is already a fiscal year that starts with this month, a corresponding error message is displayed. 
Configuring Fiscal Years

To configure a fiscal year:

  1. Click the name of the fiscal year in the tree view.
  2. Click on Edit at the top right to open the editing mode.

    Edit a fiscal year
  3. If necessary, change the name,abbreviation and starting month.
  4. If necessary, choose another first month from the drop-down list.
  5. In the Periodicities area, specify which time views will be available in the dimension bar of account hierarchies and schedules. By default, the periodicities monthly, quarterly, and annual are preselected.
  6. Click Save.