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Reporting year and fiscal year

Describes Fynease as of September 2026

A company keeps its books on its own fiscal year. The people it reports to may need a different one: a parent with a calendar year, an investor, or a lender. Fynease keeps the books on the fiscal year and can report on either.

Setting it up

In Client Settings, Company, the fiscal year end month is the books. Under Reporting Basis you set the reporting fiscal year start, the reporting currency and the reporting standard. A summary shows the fiscal year beside the reporting year.

In Analysis

When the two years differ, a Basis toggle, Fiscal Year or Reporting Year, appears on the Briefing and the statements.
It moves the year-to-date and full-year windows to start from the chosen month. Month, quarter-to-date (calendar quarters) and trailing twelve months are the same either way.
On the reporting year, the balance sheet shows retained earnings at the start of the reporting year, the profit for the reporting year to date, and retained earnings at the end, so it agrees with the income statement beside it. Earnings from the fiscal months before the reporting year move into the opening balance; total equity is the same on either basis.
If a company's history starts partway through its fiscal year, the months before the reporting year may not have been read. The reporting-year profit is then not split out: the balance sheet shows the books' year to date and names the trial balance that would settle it, rather than an estimate.

In report packages

A package is built on the books basis (each company's own currency, fiscal year and accounting standard) or the reporting basis (the Client Settings values), and the three are set together.
A separate year setting chooses the reporting or the fiscal year for the package's windows, and the package says which basis it used. If the currency and the year are set separately, it says so.
The balance sheet splits retained earnings for the reporting year the same way Analysis does.

The accounting standard

The standard (IFRS, US GAAP or ASPE) names a package's statements and sets the order of the balance sheet.
IFRS: statement of profit or loss, statement of financial position and statement of cash flows, with non-current items before current ones.
US GAAP: income statement, balance sheet and statement of cash flows, in order of liquidity. ASPE: the same, with a cash flow statement.
A title you give a block is kept. The standard changes names and order only; every total is the same.

For a group

A consolidated view has its own reporting fiscal year start, set in Group Settings. Its year-to-date and full-year windows start there, and so do the forecast's year views for the group.

In forecasts

A forecast runs from the rest of the current fiscal year for three or five more fiscal years. Its year views can be regrouped by fiscal year or reporting year.

What Fynease does not do

Realign members with different fiscal years in a consolidation: a group reports the months every member has.
Fiscal quarters in the quarter-to-date view, which uses calendar quarters.
A reporting year on the receivables and payables, KPI and revenue tabs, which follow the months you view.

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