Your company’s financial year starts in February and ends in January. As the Administrator, what must be done to make sure this is reflected in Salesforce? (Choose 2)
Below is the answer and explanation for the question in the Salesforce Admin Practice Exam: Your company’s financial year starts in February and ends in January. As the Administrator, what must be done to make sure this is reflected in Salesforce? (Choose 2)
Your company’s financial year starts in February and ends in January. As the Administrator, what must be done to make sure this is reflected in Salesforce? (Choose 2)
- Use the standard fiscal year ✅
- Create a custom fiscal year
- Select the fiscal year start month ✅
- Select the fiscal year end month
- Create custom periods
Correct Answers
Use the standard fiscal year ✅
Select the fiscal year start month ✅
Explanation
The standard fiscal year is suitable for any financial year that follows the Gregorian calendar which is a 365-day 12-month calendar period. A standard fiscal year can be used, regardless of the start month. A custom fiscal year is only required if the financial year does not follow the Gregorian calendar.
When defining a standard fiscal year, the Administrator will enter the fiscal year start month but is not required to enter a fiscal year end month.
Custom periods are not required for standard fiscal years.
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