Companies' Financial Calendars

If the Multiple Calendar Support feature is disabled on the Enable/Disable Features (CS100000) form, when the master calendar is created on the Master Financial Calendar (GL201000) form, the system also creates each company calendar automatically as a copy of the master calendar. If your organization supports a separate financial calendar for each company within the tenant when each company needs to close financial periods separately (the Centralized Period Management feature is disabled on the Enable/Disable Features form), you use the Company Financial Calendar (GL201100) form to review the statuses of financial periods for each company. After you have set up the master financial calendar and generated periods for it, you should open these periods separately in each company.

When you enable the Centralized Period Management feature on the Enable/Disable Features form, the system makes sure that the same periods (having the same ID) in all active companies have the same statuses and the same states of each of the Closed in <Subledger> check boxes on the Company Financial Calendar. If this is not the case, the system displays an error message on the Enable/Disable Features form that a discrepancy exists between these periods, and the Centralized Period Management feature cannot be enabled. To resolve this issue, on the Company Financial Calendar form, you need to make the period statuses and states of the Closed in <Subledger> check boxes the same in all companies.

If the Multiple Calendar Support feature is enabled, you generate company calendars separately for each company within the tenant and configure the company calendar separately for each company. When generating a company calendar, the system creates the corresponding years in the master calendar (if they were not generated already), and then, based on the master calendar, the system generates the company calendar.

If you disable the Multiple Calendar Support feature on the Enable/Disable Features form, the system ensures that each period in the master calendar has a matching period in a company calendar for all active companies. (This validation is not performed for companies that have the Inactive status.) If this is not the case, the system displays an error message on the Enable/Disable Features form that a company calendar differs from the master calendar, and the Multiple Calendar Support feature cannot be disabled. To resolve this issue, you need to make the company calendar the same as the master calendar for all the companies mentioned in the error message. For details on company statuses, see Companies and Branches.

Period Status Management

You use the Company Financial Calendar (GL201100) form to review the statuses of financial periods. When the Multiple Calendar Support feature is enabled on the Enable/Disable Features (CS100000) form, you also generate company calendars by using this form. To manage financial periods, you use the Manage Financial Periods (GL503000) form, where you can open, close, lock, deactivate, reopen, and unlock periods for the selected company.