Creating accounting calendars

IBM® TRIRIGA® includes a default accounting calendar, which is referred to as the Standard Calendar. If the default calendar does not suit your company's fiscal calendar, you can create your own.

Procedure

  1. Go to Tools > Administration > Classifications.
  2. In the Hierarchy panel, scroll down and click to select Fiscal Periods.
  3. Click New at the top of the panel and click Fiscal Periods.
    The Fiscal Periods form opens.
  4. On the General tab in the Name field, enter a name for the new calendar and click Create.
    Note: In the Details section, leave the Standard Calendar check box unchecked. Only one Standard Calendar should be set and that is already set for the shipping Standard Calendar.
  5. On the Hierarchy panel, expand Fiscal Period and select the calendar you just created, by clicking on it.
  6. Click New and then click Fiscal Year to create a fiscal year for that calendar.
    The Fiscal Year form opens.
  7. Under General tab, enter the Name of the fiscal year, set the Start Date and End Date, and click Create.
    Here you will also find the Sequence field which mostly used for query sorting. The value in Sequence is a text sequence or ordering of a fiscal period representation. For example, for Fiscal Year 2020, Sequence would be 2020. For Fiscal Quarter 2020-Q1, Sequence would be 2020.1, Fiscal Month of 2020 - Q1 - M1, Sequence would be 2020.11 (Year 2020, .1 is Quarter 1 and the last 1 is the month.
  8. On the Hierarchy panel, expand Fiscal Year and click on the Fiscal Year that was just created.
  9. Click New and select Fiscal Quarter to create a fiscal quarter for the fiscal year of the calendar.
    The Fiscal Quarter form opens.
  10. In the General section, enter the Name of the fiscal quarter, set the Start Date and End Date, and click Create.
  11. On the Hierarchy panel, click on the Fiscal Quarteryou created in the previous step.
  12. Click New and click Fiscal Month to create a fiscal month for the fiscal quarter of the fiscal year of the calendar.
    The Fiscal Month form opens.
  13. In the General section, enter the Name of the fiscal month, set the Start Date and End Date, and click Create.
  14. Repeat steps 6 to 13 above to complete the process of creating fiscal years, fiscal quarters, and fiscal months for the new accounting calendar.