You can add a fiscal year to define your company’s accounting periods. A fiscal year can have one or more periods. Date range budgets use fiscal years for the graphs on the Budget Dashboard, so it is necessary to configure fiscal years even if you are using only date range budgets.

To add a fiscal year:

1. In the Fiscal Calendar tab, click New.

   The Add Fiscal Year window appears.

2. Complete all required fields.

   Field	Description/Action
   Fiscal Year Name (Required)	Enter the name of the fiscal year. This can be any combination of characters, but it must be unique. It is recommended to use the actual calendar year name. If two fiscal years comply within this rule (short year), then use a post fix for the second year. Invoice, Expense and Request will default a fiscal year name based on the start date of the fiscal year. If the start date is before 1 July, the year of the start date is defaulted as the fiscal year name. If the start date is 1 July or later, the year of the end date is defaulted as the fiscal year name.
   Start Date (Required)	Enter the start date of the fiscal year, which must be the day after the end date of the previous fiscal year. The first fiscal year in Invoice and Expense can have any start date. NOTE: The start date is based on the time zone of the entity, which is managed by SAP Concur.
   End Date (Required)	Enter the end date of the fiscal year, which can be any date after the start date. By default, it will be one year minus one day from the start date. NOTE: The start date is based on the time zone of the entity, which is managed by SAP Concur.

3. Click Generate Fiscal Periods to create all fiscal periods for the fiscal year.

   The generated fiscal periods appear on the page.

4. Click Save. The fiscal year appears in the Fiscal Calendar tab.