Fiscal Year Settings¶
Volgistics calculates certain year-to-date (YTD) service statistics on a 12 month cycle that begins on the month of the year you specify. This 12 month cycle is known as the Volgistics fiscal year. Most accounts set this up to correspond with the fiscal year used for accounting at their organization.
The Volgistics fiscal year is used as the basis for calculating these statistics:
- YTD Hours. The year-to-date (YTD) hours field that appears in the Statistics box on the Core tab is the sum of each volunteer's service since the first day of the current Volgistics fiscal year.
- Service summary reports. The Service Summary Report format includes an option for generating volunteer service statistics for either the calendar year, or the Volgistics fiscal year.
- Award criteria. You can create award rules based on service performed during the calendar year or the Volgistics fiscal year.
By default, the Volgistics fiscal year is the same as the calendar year (January through December). However, you can set the Volgistics fiscal year to match your organization's fiscal year if the fiscal year used by your organization is not the same as the calendar year.
To set or change the 12 month period used for the Volgistics fiscal year:
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Choose Setup from the menu.
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Click Other options, and then click Statistics.
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Scroll down to the Volgistics fiscal year section.
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Choose the month you want the Volgistics fiscal year to begin. For example, if your organization's fiscal year starts on July 1st, and you want Volgistics to use the same fiscal year, choose July.
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Click the Save button.
The Volgistics fiscal year must begin on the first of a month.