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What is a Fiscal Year in Salesforce?
What is a Fiscal Year in Salesforce?
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4 Replies
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Fiscal years in Salesforce are used to define starting and ending date of an organization financial year.Fiscal years in salesforce are two types they are.
Standard fiscal year :- To change starting month of the fiscal year this type is used.
Custom fiscal year :- We can set custom fiscal year dates like quarters, weeks. -
Fiscal years in Salesforce are used to define starting and ending date of an organization financial year
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For more information: https://help.salesforce.com/articleView?id=admin_about_cfy.htm&type=5
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A fiscal year or financial year is a period of time used to calculate annual (yearly) financial statements in businesses and other organisations. The system administrator can set the fiscal year for your organisation. The fiscal year settings are used to report on the fiscal year timeline.
Salesforce supports two types of fiscal years:
1.Standard fiscal year
2.Custom fiscal year
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