Overview

AdaptiveWork customers whose fiscal year does not start on January 1, can configure their calendar to define their fiscal year.

The following options are available for Fiscal Year definition:

• Standard
  If the organization's fiscal year is based on the Gregorian calendar, but does not start on January 1, a different start date can be defined for your fiscal year.
   
• 4-5-4 
  The 4-5-4 fiscal calendar is a specialized accounting and financial calendar commonly used in retail industry and manufacturing industries that divides the year into 4 quarters of 13 weeks each: 4 weeks in the first month / 5 weeks in the second month / 4 weeks in the third month. Each year typically has 52 weeks (364 days), meaning it shifts slightly over time compared to the standard Gregorian calendar (365/366 days per year). To adjust for this, every 5-6 years, a 53^rd week is added. Visit the NRF web site to learn more about the 4-5-4 calendar.

• 4-4-5 (available upon request)
  The 4-5-4 fiscal calendar is a specialized accounting and financial calendar commonly used in retail, manufacturing and hospitality industries that divides the year into 4 quarters of 13 weeks each: 4 weeks in the first month / 4 weeks in the second month / 5 weeks in the third month. Since a year has 52 weeks (364 days), this calendar keeps financial reporting consistent by ensuring each quarter has the same number of weeks across years. However, every 5-6 years, an extra 53^rd week is added to align with the actual calendar year.

• Custom (available upon consultation with CSM / AE)
  If the organization's fiscal year is not based on either the Gregorian, 4-5-4 or 4-4-5 calendars, custom calendar dates can be defined for fiscal years, provided it divides each fiscal year into 4 quarters of 3 fiscal months each.

Fiscal Year maintenance:

• Standard, 4-5-4 and 4-4-5 Fiscal years need to be defined once: the fiscal year definition is automatically applied to each consecutive year.
• Custom Fiscal years need to be defined & maintained via the custom calendar file upload mechanism. Read more in the dedicated Custom Calendar section below.

Switch between different calendar types:

Change from  to	Gregorian Calendar	Standard Fiscal Year	4-5-4 Fiscal Year	4-4-5 Fiscal Year	Custom Fiscal Year
Gregorian Calendar	-	Yes	Yes*	Yes*	Yes*
Standard Fiscal Year	Yes	-	Yes*	Yes*	Yes*
4-5-4 Fiscal Year	No	No	-	No	No
4-4-5 Fiscal Year	No	No	No	-	No
Custom Fiscal Year	No	No	No	No	-

*one time change

Once the fiscal year is defined, fiscal year periods can be viewed & used throughout AdaptiveWork in:

• Groupings in reports, dashboards, Gantt, and Roadmap, Financial Plan, Capacity Planner
• View filters in views, and reports