Configuring Financial Years

A Financial Year represents a specific period used for recording and reporting financial transactions. It defines the timeline for organising financial data within Financial Datasets, ensuring consistency in tracking income, expenses, and balances. Financial Years help structure financial activities, making it easier to analyse and compare financial performance across different periods.

The Manage Financial Years console contains the list of Financial Years configured in BMC Helix Portfolio Management and provides functionality to add, remove or modify the Financial Years. This console is accessible to the user with the Financial Master role.

To access the Manage Financial Years console

Log in to BMC Helix Portfolio Management and click Settings .
Select Financial Management.
Go to Financial Years. The console will have the list of Financial Years, if created already.

To create a Financial Year

Log in to BMC Helix Portfolio Management and click Settings .
Select Financial Management > Financial Years.
Click +New to add a new Financial Year and fill in the following details:

Field	Description
Financial Year	The name or label assigned to the financial year.
Start Date	The date when the financial year begins.
End Date	The date when the financial year concludes.

4. Click Save.

To Modify/Edit a Financial Year

Log in to BMC Helix Portfolio Management and click Settings .
Select Financial Management > Financial Years.
Click on the name of the Financial Year or select the row and click Edit. This will show you the details that you provided while creating the Financial Year.
Make the required changes and click Save.

To Delete a Financial Year

Log in to BMC Helix Portfolio Management and click Settings .
Select Financial Management > Financial Years.
Select the Financial Year and click Delete.