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Custom Fiscal Year Templates

Gainsight NXT

 

This article provides information on the different types of Fiscal Year Templates available for admins while configuring Custom Fiscal Years

Custom Fiscal Year Templates

The Custom Fiscal Year feature in Gainsight helps admins define a fiscal year that matches the needs of the organization.

Business Use Case: Companies that work on custom fiscal periods often have difficulty to present their reports or build their rules on financial data. To avoid complex workaround and approximations, companies can leverage custom fiscal period setting to define a tailored fiscal year structure. 

Gainsight provides the following two templates for a custom fiscal year setup:

Four Quarters Per Year, 13 Weeks Per Quarter

Choose this template if your organization’s calendar requires the same number of weeks per quarter.

This template has the following three formats:

4-4-5 Calendar

This calendar consists of four quarters made up of 13 weeks each. Each of the 13 weeks can be distributed as two months of four weeks each and one month of five weeks.

4-4-5 Calendar
  Quarter 1 Quarter 2 Quarter 3 Quarter 4
  13 Weeks 13 Weeks 13 Weeks 13 Weeks
Month 1 4 4 4 4
Month 2 4 4 4 4
Month 3 5 5 5 5

4-5-4 Calendar

This calendar consists of four quarters made up of 13 weeks each. Each of the 13 weeks can be distributed as one month of four weeks, one month of five weeks and one month of four weeks.

4-5-4 Calendar
  Quarter 1 Quarter 2 Quarter 3 Quarter 4
  13 Weeks 13 Weeks 13 Weeks 13 Weeks
Month 1 4 4 4 4
Month 2 5 5 5 5
Month 3 4 4 4 4

 

5-4-4 Calendar

This calendar consists of four quarters made up of 13 weeks each. Each of the 13 weeks can be distributed as one month of five weeks, and two months of four weeks each.

5-4-4 Calendar
  Quarter 1 Quarter 2 Quarter 3 Quarter 4
  13 Weeks 13 Weeks 13 Weeks 13 Weeks
Month 1 5 5 5 5
Month 2 4 4 4 4
Month 3 4 4 4 4

 

13 Periods Per year, Four Weeks Per Period

Choose this template if your organization’s calendar has more than 12 periods and if one quarter is longer than others.

This template has the following three formats:

3-3-3-4 Calendar

This calendar consists of four quarters made up of 13 periods. Each period consists of four weeks. In this format, 13 periods are distributed as follows:

3-3-3-4 Calendar
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Period 1 Period 4 Period 7 Period 10
Period 2 Period 5 Period 8 Period 11
Period 3 Period 6 Period 9 Period 12
      Period 13

3-3-4-3 Calendar

This calendar consists of four quarters made up of 13 periods. Each period consists of four weeks. In this format, 13 Periods are distributed as follows:

3-3-4-3 Calendar
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Period 1 Period 4 Period 7 Period 11
Period 2 Period 5 Period 8 Period 12
Period 3 Period 6 Period 9 Period 13
    Period 10  

 

3-4-3-3 Calendar

This calendar consists of four quarters made up of 13 periods. Each period consists of four weeks. In this format, 13 Periods are distributed as follows:

3-4-3-3 Calendar
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Period 1 Period 4 Period 8 Period 11
Period 2 Period 5 Period 9 Period 12
Period 3 Period 6 Period 10 Period 13
  Period 7    

4-3-3-3 Calendar

This calendar consists of four quarters made up of 13 periods. Each period consists of four weeks. In this format, 13 Periods are distributed as follows:

4-3-3-3 Calendar
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Period 1 Period 5 Period 8 Period 11
Period 2 Period 6 Period 9 Period 12
Period 3 Period 7 Period 10 Period 13
Period 4      

 

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