EMS | Financial Year End and Targets
Description
Targets provides the ability to define the financial structure for reporting and to add a target against the revenue streams for either a weekly or monthly period.
The financial end of year and associated week-end or month-end are used when running financial reports for a date range e.g last week, last month, last 3 months,...
Resolution
Financial Period
The financial year is defined by entering the end of year date, with the option report targets based on a weekly or monthly target. The financial structure allows you to define the end of week or month
In "Administrator" or "Manager" click onto the "Targets",
To create a new financial structure select the "Year End Dates"
- To create a new financial period select the "Green Plus"
- To remove a financial period select the "Delete"
- To define the financial and target reporting periods, you can select weekly or monthly intervals.
Setting Weekly Targets
- Select weekly under the interval and then select whether the financial year will consist of 52 or 53 weeks
- Select the Year End Date (if this is the first year end date please ensure that it is correct as the subsequent years will follow on from this)
- State whether the targets will be set by “Staff per Income Centre” or “per Income Centre Group”
- When setting weekly targets, you will need to tick next to each month end date to denote the 12 months of the year.
- Click the Green Tick
You will then get a screen confirming the targets that you would like to set .
Setting Monthly Targets
- Select “Monthly” under the interval
- Select the “Year End Date” (if this is the first year end date please ensure that it is correct as the subsequent years will follow on from this)
- State whether the targets will be set by “Staff per Income Centre” or “per Income Centre Group”
- Using the drop down boxes, select the “Month End Dates” relevant to your business
- Click the “Green Tick”
- You will then get a screen confirming the targets that you would like to set
This will have created blank targets for the next year
- Click on the “Green Back” arrow
- This will take you back to the target screen where you will now be able to enter in the values of the targets that you have set.
Now that you have set your targets, your reports will use the target date ranges set and certain reports will then give you a comparison as to what the targets are and what you have taken.
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