Generating Financial Calendars

A financial calendar is a set of financial periods within which an organization records its revenues and expenses and plans future operations. A calendar consists of financial years, each year including a number of financial periods. In MYOB Acumatica, the master calendar and company calendars are used. The master calendar is a set of financial periods generated for multiple years based on the financial year configuration specified for the tenant. A company calendar is a financial calendar that is used by a particular company within MYOB Acumatica; it is based on the master calendar but can have the same number of financial periods as the master calendar does (or fewer periods).

Depending on the state of the Centralized Period Management feature on the Enable/Disable Features (CS100000) form, you can manage financial period statuses on the tenant level or on the company level as follows:

The Centralized Period Management feature is enabled (default): You set up the master calendar on the Master Financial Calendar (GL201000) form, and all the companies within the tenant will use this calendar. A particular financial period will have the same status in all companies. You can open, close, lock, deactivate, reopen, and unlock financial periods for all companies at the same time.
The Centralized Period Management feature is disabled: You set up the master calendar on the Master Financial Calendar form, and the system generates company calendars automatically when the master calendar is generated (for the companies that already exist) or when a new company is created. You use the Manage Financial Periods (GL503000) form to change period statuses separately for each particular company. On the Company Financial Calendar (GL201100) form, you can review financial periods and their statuses for a particular company.
With this feature disabled, you can enable the Multiple Calendar Support feature if you need to configure companies with different fiscal year-end dates within one tenant.