Clarity

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  • 1.  Change to Fiscal periods

    Posted 2 days ago
    Hi Support,
     
    Currently we are using calendar fiscal periods as below. 
    There is currently one entity defined in Clarity.
     
    Q1 - Jan to Mar, Q2 - Apr to Jun and so on.
     
    We have a requirement to change the quarters as below.
     
    Q1 - Nov, Dec, Jan
    Q2 - Feb, Mar, Apr
    Q3 - May, Jun, Jul
    Q4 - Aug, Sep, Oct 
     
    Currently we have fiscal periods defined until 2035-Q4.
    In order to fulfill above requirement the thought is to deactivate the existing periods.
    For example, to create 2026-Q1 (nov 25' to jan 26'), i need to deactivate 2025-Q4 and 2026-Q1, But i cannot do it as they are in use by financial plans.
    How can i work around this?
     
    Another thought is to update the start/finish dates from backend. For example, for the fiscal period '2025 Q4', we intend to update the start date to '2025-08-01' and the end date to '2025-10-31' directly in the backend database. Is this recommended, would there be any impact? I tried this in a lower environment and it worked.
     
    Also, please let me know of any other aspects i need to take care while making this change.
     
    -Deepu


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