Cloud Kicks want its reports to show a Fiscal Year that starts on February 1 and has 12 months. How Should the Administrator Address this requirement?

A standard fiscal year starts on January 1 and ends on December 31. A custom fiscal year can be set

to start on any month and end on any month. In this case, Cloud Kicks wants its fiscal year to start on

February 1 and end on January 31. This can be achieved by setting the fiscal year to Custom and the

starting month to February.

Setting the fiscal year to Standard and the starting month to February will not work, as the standard

fiscal year starts on January 1. Setting the fiscal year to Custom and the duration to 4 quarters will not

work, as the duration of a fiscal year is 12 months. Setting the fiscal year to Standard and the

duration to 12 months will not work, as the standard fiscal year starts on January 1.

Custom fiscal years are fiscal years that follow a custom-defined structure that differs from the

Gregorian calendar. They can be used by organizations that have fiscal years that start on a different

month than January or have fiscal years that are divided into custom periods such as quarters or

weeks. To set up a custom fiscal year that starts on February 1 and has 12 months, an administrator

needs to set the fiscal year to custom and the starting month as February in the fiscal year settings.

Setting the fiscal year to standard or the duration to 4 quarters does not meet the requirement of

having a custom fiscal year that starts on February 1. Reference:

https://help.salesforce.com/s/articleView?id=sf.admin_fiscal_year.htm&type=5