What are “calendars” used for in OneStream?

In OneStream, calendars play a crucial role in defining fiscal periods and reporting timelines. They help in establishing structured timeframes within which financial data is organized, analyzed, and reported. By utilizing calendars, organizations can align their financial reporting processes with their specific fiscal year requirements. This alignment ensures that reports generated reflect the accurate periods for data analysis, enabling effective financial planning and decision-making.

Additionally, calendars can include various important dates such as the start and end of fiscal periods, month-ends, and deadlines for submission of financial data. This structure is vital for organizations to maintain consistency in reporting and to ensure compliance with both internal and external reporting standards. Hence, the use of calendars in OneStream is essential for maintaining orderly financial management.