Fiscal Years (also known as Financial Years) can be assigned to orders within Unimarket when the Financial Year functionality is activated. This will allow your community to assign orders to a specific year's budget. The functionality allows the community to designate overlap time, to make forward or backdating orders during the FY transition time as easy as possible.
Configuring Financial Years
The Financial Year functionality is configured within the Procurement Modules settings. To find this, navigate to the Administration Modules Menu > Procurement and choose the Management tab.
|Note: Within the Procurement Module there is another tab called Features where you can manage other procurement features.|
From here you can view you active Financial Years as well as any past years that are no longer active. They will show some dates to let you know about the periods when they are open.
- Activation Date - the date new orders will be assigned to this Financial Year by default upon checkout (may be earlier than the Start Date)
- Start Date - the date the Financial Year begins
- End Date - the date the Financial Year ends
Adding a new Financial Year
Selecting 'Add Financial Year' will prompt users to fill out information for the next Financial Year they wish to configure. They must name the Financial Year and choose the appropriate dates.
Disabling an old Financial Year
Selecting the option will allow users to edit a previous Financial Year. This is beneficial for disabling an old FY so users can no longer select it as an option. When you no longer want to allow users to select the old year, simply uncheck the Enabled option and the year will be disabled.