You can modify an existing fiscal year, for example, to correct mistakes or to reflect organisational changes, such as a merger or need to follow industry standards.

You cannot change the end date of the current month to today or any date before today, and you cannot change the start date of the current month. In addition, you cannot change any start or end date of past months this year or prior years.

To modify a fiscal year:

1. In the Fiscal Calendar tab, select a fiscal year and then click Modify, or just double-click on the year you want to modify.

   The Modify Fiscal Year window appears.

2. Make the desired changes. For field information, refer to Add a Fiscal Year. If you need a fiscal year to be shorter than 12 months or longer than 12 months, change the end date, but ensure fiscal years are not overlapping and do not have gaps.

3. Click Generate Fiscal Periods.

4. Click Save.