The Intelligence360 platform is built to help businesses make better decisions that drive predictable growth, to do that we need to ensure the platform is adaptable to your business process, your data, your way. Providing retail calendar options provides businesses that use this calendar paradigm with accurate tracking of their data and fiscal periods. If you're not sure what a retail calendar is, you probably don't use it and can continue your Intelligence360 journey with your current calendar configurations. To you retail calendar users...keep reading.
Retail Calendar Configuration
1. Admins open Team Settings and locate Calendar Settings
Select your desired Timezone
Select your Fiscal Year Start Month
Determine whether Fiscal Year is Based On: The starting month OR The ending month
2. Toggle ON Use Retail Calendar
On: blue with a checkmark
3. Select your desired Calendar Type
Retail Calendars break a year up into 12 periods that contain segments of 4 and 5 weeks each. The types below indicate the segment sizes per quarter. For example, a 4-4-5 calendar will have four quarters, each quarter consisting of a four-week segment, followed by another four-week segment, followed by a five-week segment.
4. Establish fiscal end dates
The configuration below would indicate that the fiscal year-end date should fall on the last Saturday before end of month. Be sure to select Last Day of the Week first as the Last Week of the Year Calculation will adjust accordingly for selection.
Select Last Day of the Week
Select Last Week of the Year Calculation
5. Click Save.
Date selectors and forecast periods across the Platform will now operate based on your configured Retail Calendar.
The more you know...
If you did the math and were left scratching your head, here's a little more information on retail calendars. If you take 4 weeks, 4 weeks, 5 weeks and take the number of days in that, you get 364 days (BUT THAT’S NOT A FULL YEAR!?!). Retail calendars intentionally “lose“ a day each year that is then made up by adding a week to the calendar after 7 days (or more) have drifted between the actual fiscal end date and the desired fiscal end date. Sound complicated? Don't worry, we've accounted for it and your retail calendar will keep you right on track!
What happens if your org's fiscal start/end date changes?
We know changes can happen in your organization, so what happens to your reporting if the fiscal start/end date changes?
If the fiscal year start/end month is changed - upon that update, Intelligence360 will delete existing forecast submissions made in Intelligence360 forecasting that will need to be re-entered. However, the historical forecast submission data will remain available in your reports.
If you run into any issues please contact support.
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