Defining fiscal calendars
Create fiscal calendars with defined fiscal periods, for use with Financial Management applications, such as Finance Close Automation. You can define fiscal periods, such as one month long, four weeks long, Q1 2015, or July 2015.
To create a fiscal calendar, activate the Fiscal Calendar [com.snc.fiscal_calendar] plugin. You can then use the legacy functions on the menu to generate and validate fiscal calendars and their associated fiscal periods. You can create one of these types:
| Calendar type | Description |
|---|---|
| Regular | A calendar with 12 periods, each of which is one month long. |
| 13 Period | A calendar with 13 periods, each of which is four weeks long. Note: This calendar is the only type that doesn’t use
quarters. |
| 445 | A calendar that divides a year into subsequent 4-week, 4-week, 5-week periods. The first and second periods have four weeks, and the last has five weeks. The application creates these periods for the calendar duration. |
| 454 | A calendar that divides a year into subsequent 4-week, 5-week, 4-week periods. The first period has four weeks, the second has five weeks, and the third has four weeks. The application creates these periods for the calendar duration. |
| 544 | A calendar that divides a year into subsequent 5-week, 4-week, 4-week periods. The first period has five weeks, and the second and third have four weeks. |
Important:
After you start working with a set of financial data with a fiscal
calendar type, you can’t change to another type of fiscal calendar. Verify that your fiscal
calendar can be used with your financial data. If you import records into the Fiscal period
[fiscal_period] table, you should validate that they’re correct and don’t contain any
gaps.
After the fiscal calendar has been generated, don’t change either Start date time or End date time fields of fiscal period records to avoid validation issues.
Note:
- The legacy functions that you may have used, on the and Fiscal Calendar menus, to define schedules and fiscal calendars, continue to be supported. However, you should use the Business Calendar menu in their places to define calendars and schedules and then associate them with specific ServiceNow AI Platform packages. To learn more about defining and using business calendars, see Creating business calendars.
- For Strategic Portfolio Management (SPM) applications, you must define Fiscal Calendars using the Generate a fiscal calendar feature.