Set up a day-based fiscal calendar (India)

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This article explains how to create a day-based fiscal calendar for one fiscal year. Before you complete this task, set Companies Act depreciation to Yes on the Fixed assets parameters page to create a day-based calendar. The demo data company used to create this procedure is INMF.

To set up a day-based fiscal calendar (India), follow these steps:

1. Go to General ledger > Ledger setup > Fiscal calendars.
2. Select New calendar.
3. In the Calendar field, enter the name of the calendar.
4. In the Description field, enter a brief description of the calendar.
5. In the Calendar type field, select an option.
6. Select Create.