Businesses sometimes define their fiscal year that does not align with the standard calendar year. The reason is that businesses want to align their Accounting and Financial statements with their Operations. The Business Calendar on Atlas allows you to align your Marketing and Sales quarters with your fiscal quarters. The Atlas platform internally handles the quarters and year according to how you define them going forward. The setting is utilized all across your tenant while creating audiences or configuring analytics attributes.
Setting up Business Calendar
On Atlas, you may access the Business Calendar from the My Data page. If you have not configured it on your tenant, it is advised to configure it before importing Product Bundles or Product Hierarchies as Atlas uses the fiscal year definition to calculate Curated Attributes and Spend Analytics.
You may edit your Business Calendar from the same place on Atlas. Atlas will re-process all your data based on the new calendar in the next Data Processing and Analysis job.
The configuration will be automatically carried forward to the following year if you do not change it. You are required to re-configure your business calendar, when there is change in your fiscal year. At any point of time, Atlas processes your data (including historical) based only one calendar setting.
If you do not setup your Business Calendar before importing your Product related data, Atlas will use the standard calendar (Jan 1st through Dec 31st of the year) and process your data.
If your company fiscal year is the same as the standard calendar year, you may explicitly select the option "Use Standard Calendar" at the bottom of the configure page. It will automatically setup Jan 1st through Dec 31st of the year as your fiscal year.
There are two methods you are allowed to configure your fiscal calendar.
If your business calendar does not follow a definite start and end every year, you may define your fiscal year cycles.
Example: The first day of your fiscal year may be defined as the first Monday of September every year.
Select the nth day from the drop down. In this example, first day.
Select the day from the drop down. In this example, Monday.
Select the first month of the fiscal year. In this example, September.
If your business follows a definite start date every year, you may configure the exact date using the date picker.
Example: 4th of January, every year.
As a quarter is defined as 3 months or 13 weeks, the final step would require you to select the month of the quarter which has the 5th week. You may view your selection at the bottom of the screen before save the Business Calendar.
Editing Business Calendar
To change or edit your current business calendar, you will have to follow the same process as Set Up. Click on Configure Calendar on Atlas. You will be taken to the calendar configuration page. Make the changes to the start dates and your 5 week-month of the quarter. Click save.
A new action will be triggered in your Process and Analyze job.
Once the Process and Analyze job is complete, all your data is updated using the new calendar.
Please sign in to leave a comment.