All you need to know about Fiscal Year

The guide below walks you through how to setup your fiscal year on SeamlessHRMS

An organizational fiscal year is a 12-month period used by companies for financial reporting and budgeting purposes. Unlike the calendar year, which runs from January to December, an organization's fiscal year can start and end at any time, depending on regulatory requirements or internal business preferences.

Introducing the Organizational Fiscal Year feature is designed to give you flexibility in defining your financial year within our system. With this feature, you can now:

• Customize your fiscal year start and end dates.
• Generate reports based on your defined fiscal year.
• Improve financial planning and decision-making.

Important Note: Once activated, the Organizational Fiscal Year feature will only affect future actions across all modules of the system. This change is permanent and cannot be reverted. Therefore, please ensure that your fiscal year settings are accurate before sharing with the Support Team for activation.

How to Set Up Your Organizational Fiscal Year

Follow these simple steps to configure your fiscal year in the system:

1. Navigate to Settings:

Go to the main dashboard and select "Settings" from the menu.

2. Select Fiscal Year Setup:

Under the "Company Setup" section, click on "Fiscal Year."

3. Determine Your Fiscal Year:

• Choose the start and end dates that aligns with your organization's financial calendar.
• Contact support@seamlesshr.com to complete request fiscal year button enablement.
• Once completed, confirm the selection, input start date and end date and save the changes.