What can be used to define different Fiscal Years in the system?

Time profiles are specifically designed to define various time periods in a system, including different Fiscal Years. By utilizing time profiles, users can establish how fiscal periods such as quarters, months, and years are structured and labeled within the software. This allows for flexible and accurate reporting and analysis based on the defined fiscal timelines.

In the context of OneStream, time profiles enable organizations to customize their fiscal calendar according to their specific business needs, including the start and end dates of financial periods. This is essential for accurately reflecting and translating financial data over the designated time frames.

While fiscal policies, financial models, and reporting structures are important components of financial management and reporting, they do not inherently contain the definitions or configurations for fiscal years. Fiscal policies govern the rules of financial operations, financial models may represent how data is projected and analyzed, and reporting structures dictate how information is presented. However, it is the time profiles that directly manage and define the different fiscal year configurations within the system.